merchants crossing

MERCHANTS CROSSING
JACKSON, MICHIGAN
Offering Summary
M
AY
Real Estate
MERCHANTS CROSSING
Exclusive Advisor:
MAY REAL ESTATE LLC
1415 W. 22nd Street, Tower Floor
Oak Brook, IL 60523
630-990-7900
mayre.com
For further information contact:
John May
Chris LaBounty
o 630-990-7979
c 630-379-4500
john@mayre.com
o 630-990-7997
c 630-263-2603
chris@mayre.com
M
AY
Real Estate
MERCHANTS CROSSING
The mall has a historical and current occupancy of approximately 95%.
Offering and Highlights
May Center Advisors has been retained to sell the 100% fee simple
interest in Merchants Crossing, Jackson, Jackson County, Michigan.
■
■
■
■
■
■
■
■
■
Merchants Crossing is a Kroger anchored shopping center that is
located in the heart of the Jackson Regional Trade Zone.
Jackson, Michigan is approximately 30 miles west of Ann Arbor
(University of Michigan) and Detroit’s western suburbs.
The property has easy access to Interstate 94 via two full interchanges
(North West Avenue/US 127/MI 50 and MI 60).
The subject is positioned at the northeast quadrant of W. Argyle
Street and N. Wisner Street – a signalized intersection. There are five
points of ingress/egress.
The center features 110,070 square feet and is 100% occupied. Long
term tenants include Kroger, Big Lots, Family Dollar and New Country
China Buffet. Fifth Third Bank is a shadow anchor.
Kroger has been at the center since 1995 and is experiencing excellent
sales volumes. Kroger brought a fuel center to the property in 2005.
Merchants Crossing is directly south of Jackson Crossing, a 656,568
square foot enclosed mall (Target, Kohl’s, Sears). The subject is
less than one mile north of Westwood Mall, a 510,000 square foot
enclosed project (Walmart Supercenter, JC Penney).
The offering features upside via scheduled rent growth and rolling
tenants to market rental rates. The project will trade at a level
significantly below replacement cost.
2015 Net Operating Income$603,354
M
AY
Real Estate
MERCHANTS CROSSING
Jackson Map
Regional Map
M
AY
Real Estate
MERCHANTS CROSSING
Trade Zone Aerial
M
AY
Real Estate
MERCHANTS CROSSING
Leasing Plan
M
AY
Real Estate