Shoppers Lane Center

Investment Overview

This 29,825 SF retail center is available for sale or lease in Parchment, MI, just north of Kalamazoo. The property includes an 18,402 SF former grocery store. Owner has added approximately 1,000 SF to the grocery space, though it is not reflected in the current square footage. Dollar Tree expanded by 4,273 SF in 2023 and extended its lease for 10 years, adding (5) 5-year renewal options. The center is surrounded by many national and local retailers and restaurants, benefiting from a strong local population of 111,000+ residents within a 5-mile radius. This is a prime value-add opportunity for an owner/user.

Investment Highlights

• 29,825 SF retail center for sale/lease
• 18,402 SF former grocery store
• Prime value-add opportunity for an owner/user
• Owner added ≈1,000 SF to the grocery store (not reflected in current square footage)
• Dollar Tree expanded by 4,273 SF in 2023 and extended their lease for 10 years, adding (5) 5-year renewal options
• Surrounded by many national and local retailers/restaurants
• Located in Parchment, MI, just north of Kalamazoo
• 111,000+ residents within a 5-mile radius