Walmart
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PROPERTY ADDRESS
2640 Crossing Circle, Traverse City, MI 49684
PROPERTY INFORMATION
Price:
$9,009,872
Cap Rate:
6.25%
Term Remaining:
8+ years Years
Year Built:
1996
INVESTMENT HIGHLIGHTS
- Walmart has reported strong sales at this location and expanded its footprint by 29,355 SF in 2009
- Grand Traverse Crossing is the dominant power center in Traverse City, MI
- Co-Tenants include Home Depot, PetSmart, Ulta, Books-A-Million, Dollar Tree and HomeGoods (lease to be executed soon)
- The main thoroughfare in front of the center, Airport Rd., sees over 26,000 cars per day
- Traverse City is the county seat of Grand Traverse County, and is the largest city in the 21 county northern Michigan region