Contacts
John May
(630) 379-4500
Reid Eber
(630) 990-7904
Property Details
- Property Type Retail
- Date Updated Apr 21, 2024
- Website washtenawfountainplaza.sharplaunch.com
Ann Arbor MI MSA grocery anchored college-town center. Conveniently located between University of Michigan (5 miles northwest) and Eastern Michigan University (2 miles east). 122,762 square feet and 97% occupied.
High performing tenants including Save-A-Lot, Big Lots, Planet Fitness and Dollar Tree. 97% of occupied GLA leased to national tenants/franchises. Outstanding weighted average lease term into 2029. 57% of leased GLA has term into 2029 or beyond. Single-digit average rent.
Excellent 5-mile demos – 176k population with $109k average household income. Prime location along Washtenaw Avenue (34,978 VPD). Surrounded in all directions by dense housing stock.
Upside via lease-up of vacant suite (3,695 SF) and marking below market rents to market. Pricing below replacement cost. Property is institutionally owned and maintained. Entire property has roof warranties into at least 2036.
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Getting around
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76/100
Walk Score ®
-
50/100
Transit Score ®
-
87/100
Bike Score ®
Location
- City Ypsilanti, MI
- Neighborhood Burns Park
- Zip Code 48197
- Market Detroit
Points of Interest
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Ann Arbor
1.77 miles
-
Circle K
0.23 miles
-
Sunoco
0.24 miles
-
Clark
1.13 miles
-
Mobil
1.32 miles
-
Shell
1.39 miles
-
BP
1.61 miles
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Mobil
1.67 miles
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BP
1.69 miles
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BP
1.70 miles
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Shell
1.83 miles
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Glick
0.48 miles
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U-M Lot SC7 (Crisler Center)
0.63 miles
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U-M Lot SC20 (Athletics Campus Grey Lot)
0.64 miles
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Hill Structure
0.65 miles
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Lot SC 16
0.69 miles
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U-M Lot SC6 (Crisler Center)
0.70 miles
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Forest Avenue parking structure
0.72 miles
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University of Michigan Lot S5
0.74 miles
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U-M Lot SC5 (Crisler Center)
0.76 miles
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U-M Lot SC37 (Revelli Hall)
0.80 miles
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Side Biscuit
0.20 miles
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Toarmina's Pizza
0.26 miles
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Dairy Queen
0.27 miles
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Eat
0.39 miles
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Benny's Family Dining
0.48 miles
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Chia Shiang
0.50 miles
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Fraser's Pub
0.51 miles
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Sushi Town
0.59 miles
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Domino's
0.65 miles
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Get Some Burritos
0.66 miles
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By The Pound
0.49 miles
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Begreen, Inc.
0.57 miles
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Trader Joe's
1.01 miles
-
Target
1.18 miles
-
Busch's Fresh Food Market
1.23 miles
-
People's Food Co-op
1.54 miles
-
Kerrytown Market
1.62 miles
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Macy's
1.71 miles
-
Whole Foods Market
1.74 miles
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Whole Foods Market
1.75 miles
In-Depth Research Available for this Property
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