Eureka Road 23000, Taylor, MI, 48180, US

Southland Center

资产描述

Southland Center (the “Property” or “Mall”) is a single-level (JCP and Macy’s are both two-level), super-regional mall located at 23000 Eureka Road, Taylor, MI 48180. The Property is situated on approximately 71.1 acres, 68.3 of which are owned. Total GLA at the Property is 906,564, which includes JCPenney (215,787 SF, owned), Macy’s (292,377 SF, non-owned), Cinemark (49,952 SF, 12 screens, owned) and Best Buy (45,000 SF, owned). The Property also features a high performing BJ’s Restaurant and Brewhouse outparcel (7,547 SF, owned).

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属性

建筑净面积

84,223 平方米

占用率

93.4%

建成年份

1970

土地总面积

7 平方米

媒体

投资亮点

#3 MOST VISITED REGIONAL MALL IN MICHIGAN

Enjoys an exceptional competitive position in the trade area, ranking 3rd in the state.

MAJORITY SITE CONTROL

With the exception of Macy’s, which is separately owned, prospective purchasers control the entirety of the site which may facilitate any potential redevelopment and/or releasing strategy.

STRONG OCCUPANCY

Currently 93.4% occupied overall, with a small shop occupancy of approximately 80%. Notably, the Property has consistently enjoyed an overall occupancy of 90%+ since 2015, reflecting the mall’s strong competitive position within the market.

EXCELLENT LOCATION

Southland Center is the dominant shopping destination for the southern Detroit suburbs and Downriver communities.

HIGH DENSITY TRADE AREA

The Property benefits from a heavily populated trade area with nearly 1.2 million residents within a 15-mile radius.