Property Information
134,798 SF
CENTER NAME Bison Hollow Shopping Center
LISTING ID 2403
INVESTMENT HIGHLIGHTS
LOCATION 3301-3315 US-31 South Traverse, MI | 49684
Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Michigan, Inc., has been retained on behalf of the owner to sell the 100% fee simple interest in Bison Hollow Shopping Center. The offering represents a rare opportunity to acquire a 100% leased regional center fully occupied by three national tenants and strategically located in the heart of the dominant regional trade area serving the fast growing Traverse City area.
PROPERTY HIGHLIGHTS Bison Hollow is located along the bustling retail corridor of US-31, north of Airport Road in Traverse City, MI, and is drawing customers from a 22-county area. The centeris also adjacent to The Great Wolf Lodge, one of northern Michigan’s most attractive entertainment and indoor water parks.
WI
3301-3315, 3333 US-31 South, Traverse City, Michigan 49684
Address:
75
MANI STEE 2403 BISON HOLLOW
OSHKOSH
TRAVERSE CITY, MI
MIDLAND
134,798 SF
Subject GLA: MN Major Tenants:
MICHIGAN GRAND RAPIDS
Kohl’s, TJ Maxx, Michaels SHEBOYGAN
100%
Occupancy:
69
FL INT
MADI SON
DEMOGRAPHIC SNAPSHOT
Hobby Lobby, AMC Theatres, Oryana Grocery, ABC Warehouse MI LWAUKEE
Shadow Anchors:
96
DETROI T
LANS ING
INVESTMENT HIGHLIGHTS
2 MILE 5 MILES 10 MILES
2004
Year Built:
ANN ARBOR
POPULATION
14,834
47,952
87,814
US 31 – 25,892 VPD
Traffic Counts:
IA
69
Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Michigan, Inc., has been retained on behalf of the owner to sell the 100% fee simple interest in Bison Hollow Shopping Center. The offering represents a rare opportunity to acquire a 100% leased regional center fully occupied by three national tenants and strategically located in the heart of the dominant regional trade area serving the fast growing Traverse City area. WALT: HOUSEHOLDS 7,021 21,283 37,242 AVE GE HH INCOME $69,633 $77,265 $82,374
CHICAGO
$ 1,560,151
Net Operating Income (Year 1):
WI I L
4.8 years
NAPERVILLE
BUSINESSES
2,386
6,336
7,503
OH
IN
FORT WAYNE
3301-3315, 3333 US-31 South, Traverse City, Michigan 49684
Address:
Subject GLA: MAJOR TENANTS TJ Maxx Khol’s Michael’s Major Tenants: Occupancy:
®
134,798 SF
Kohl’s, TJ Maxx, Michaels
100%
Hobby Lobby, AMC Theatres, Oryana Grocery, ABC Warehouse
Shadow Anchors:
2004
Year Built:
US 31 – 25,892 VPD
Traffic Counts:
$ 1,560,151
Net Operating Income (Year 1):
4.8 years
WALT:
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