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   231.642.7992 voice or text  |  jim@thefranciscogroup.com
  

Price Reduced – Fruchey Family Market 1

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Structure: Bedrooms
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Full Address: 360 Ross St, Beaverton, MI 48612, USA
Simple Address: 360 N. Ross St.
ZIP Code: 48612
Country: US
Description

Price Reduced!

Pricing option:
Business Only $500,000
Business and Real Estate $2,250,000

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.

Price of $2,999,000 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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