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   231-922-1800  |  jim@thefranciscogroup.com
  

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Jim Francisco, Owner-Broker

231-642-7992

Featured

$3.100.000

Description
Fruchey Family Market 1 Is approximately 20,000 square feet and has been in business since 1972 at its current location. It is the only supermarket in the town with its closest competition in the county seat of Gladwin County 9 miles away, they have a Family Fare and Save A Lot supermarkets. The shopping mall where it is located has a Rite Aid drug Store, Dollar General, Family Dollar, US Post Office, Laundromat, and a couple other small shops and all share the same parking lot. The Beaverton Plaza is located ½ mile north of downtown and is the primary shopping destination of the town. The Beaverton Plaza strip mall has several major tenants which include, Fruchey Family Market 1, Rite Aid Pharmacy, Dollar General, Sun and Suds Laundry and a few other smaller tenants. The total mall is approximately 50,000 square feet and at this time is 95% occupied. The original building which houses the supermarket and Rite Aid is a metal building with a pitched rubber roof. The space which houses the Laundromat and other small shops is a block building with a flat rubber roof. The dollar general building stands alone and is a pitched metal and block building which was built about 10 years ago. This Plaza generates about $250,000.00 in revenue from rent payments each year. There is a US Post Office and Family Dollar store that are adjacent to the property but are not included with the property.  There is also a parcel of 7 acres behind the Mall which is mostly woods and undeveloped that is included with the properties. Fruchey Family Market 2 Is approximately 18,000 square feet and was purchased by the Sellers in 1984. It is a year-round business which serves the communities of Edenville, Albright Shores and Wixom Lake. inhabitants. While it runs a stable year-round business base it really flourishes in the summer months with all the summer homes located on Wixom Lake and all the other waterways feeding that large body of water. The property which houses the Fruchey Family Markets 2 is a standalone Block building and flat rubber roof. It is approximately 18,000 square feet in size on about 4 acres of land. There is also an additional 20 acres of undeveloped land attached directly west of the store that was purchased to satisfy the need of a drain field for the store and is available to develop for future use. The parking lot at this location was completely redone from the base up in 2014. This is a very energy efficient and structurally sound building. Price of $3,100,000 is for both locations. Price includes businesses, real estate, and all licenses. Inventory to be sold at cost at closing. Contact Jim Francisco 231.642.7992 (voice or text) jim@thefranciscogroup.com to set up a showing or to receive a complete sales package.
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