Active For Sale RetailInvestment

Green Orchard Shopping Center

745 Center Dr NW, Walker, MI, 49544

ID 58c67475

Overview

Green Orchard Shopping Center is a multi-tenant power center located off Alpine Avenue in Walker, Michigan, one of West Michigan’s primary retail corridors. The center benefits from strong traffic counts along Alpine Avenue and nearby I-96, providing excellent visibility and regional accessibility. The property is surrounded by a dense concentration of national retailers, including Target, Meijer, Sam’s Club, Walmart, Menards, and The Home Depot. Tenants include Kohl’s, Hobby Lobby, Lava Island, Ollie’s Bargain Outlet, Office Depot, Uptown Cheapskate, Shoe Carnival, and Hibachi Grill, providing diversified income and consistent consumer traffic. The property’s established anchor tenants and corridor location support stable performance and position the property competitively within the Walker/Alpine Avenue retail market. The property is well-positioned and has had strong leasing activity. With three new tenants on 10-year leases and a new 10-year lease with Hobby Lobby, the property offers a diverse tenant mix and strong weighted average lease term. The center offers a steady income stream and an attractive basis.

Additional Information

City
Walker
State
MI
Zip Code
49544
Primary Uses
Retail, Investment
Secondary Uses
Strip Center, Big Box
Zoning
CPUD
Zoning Description
Commercial Planned Unit Development
Building Name
Green Orchard Shopping Center
# of Buildings
2
Year Built
1,993
Parking Spaces
1,256
NOI
$3,113,464
Average Occupancy Rate
93.6%