Soo Plaza

Investment Overview

Discover a prime investment opportunity in the bustling Sault Ste. Marie area. This 69,458 SF retail/strip center, built in 1980, boasts a strong presence and 100% occupancy, offering a stable income stream for savvy investors. With its strategic location and established tenant base, this property presents an enticing prospect for those seeking a lucrative retail venture. Take advantage of this rare chance to add a well-maintained, income-producing asset to your portfolio, primed for enduring success in the vibrant retail landscape.

Investment Highlights

• Seller Offering 80% LTV Financing with Below Market Interest Rate | Terms to be Negotiated
• 71,108 SF Retail Center Built in 1980 | Located Along 75 Business Spurr Averaging 15,600+ VPD
• Recent Capital Expenses Include 2 New HVAC Units for Arona
• Shopping Plaza Averages 180K+ Visits per year | Anchored by Arona
• 30% Vacancy Across Six Suites | Value Add Opportunity to Increase NOI by Leasing 21,825 SF Available
• Established Retail and Long-Term Tenant Commitments | Many with Renewals
• Easily Accessible and Excellent Visibility | Less than 2 Miles from I-75
• Ample Parking on site for Customers and Staff
• Along Major Shopping Corridor | Nearby Retailers Include Walmart, Hobby Lobby, Five Below, T.J. Maxx, Ulta Beauty, Buffalo Wild Wings, Circle K, McDonald's, UHaul, Pet Supplies Plus, and Many More
• Surrounded by Hotels and Inns such as Hampton Inn, Super 8, The Inn Sault Ste. Marie, Americas Best Value Inn, Comfort Inn and More
• The Soo Locks in Sault Ste. Marie attracts approximately 500,000 - 600,000 visitors annually to the viewing platform and visitor center
• The Sault Ste. Marie International Bridge is the only international border crossing between Michigan and Ontario for approximately 700 miles, carrying approximately 3,000 to 4,000 vehicles per day
• Additional Land for Development or Use Behind Building | Approximately 7.10 Acres | Contact City for Potential Use