Gourmet Supermarket with Shopping Center
Don't miss this exceptional opportunity to own a premier gourmet supermarket and upscale shopping center in Southwest Michigan. This high-end market generates over $7.5 million in annual revenue with a cash flow of $413,000 per year, offering significant growth potential. Built within the last seven years, both the supermarket and shopping center are fully turnkey and impeccably maintained. Revenue can be further increased by adding lottery sales, a bakery, and prepared foods. The shopping center, situated on approximately five acres in a densely populated area surrounded by new housing developments, features secure leases with reputable tenants under long-term contracts with annual rent increases. The center is listed at an 8.7% CAP rate, producing $783,080 in Net Operating Income (NOI). Additionally, there's an opportunity to further increase NOI through a land lease or a build-to-suit project on an available outlot. Serious inquiries only. Proof of funds will be required before disclosing further details. Call today to explore this outstanding investment opportunity!
Seats
Licenses Required Sales Tax, SDD, SDM, Snap, Health
Parking
ample
Days Open
7 days
Inventory
$625,000
File Number
0119
Real Estate
$9,000,000-Included in Sale Price
Down Payment
CASH/NEW MORTGAGE
Business Hours
Monday-Saturday 7am-9pm, Sunday 8am-8pm
Business Price
$1,999,990.00
Cash Flow Source
2023 Tax Returns
Licenses Required
Sales Tax, SDD, SDM, Snap, Health
Gross Sales Source
2023 Tax Returns
Reason for Selling
Seller has other businesses
Financials
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