This 24,000 SF retail building includes 21,600 SF of retail floor space and 2,400 SF of warehousing. The building has been well maintained and upgraded since its construction in 1990 and has been occupied by the likes of Schnieder’s Appliance and TV, Art Van Furniture (2014-2020) and Big Sandy Home Furnishings Superstore (2020 – present). Big Sandy Home Furnishings boasts 25 locations across the Midwest, and the franchise has added 6 new locations over the past 24 months.

The property is located on the popularly traveled retail corridor of M-21 (Main Street) in Owosso, near a multitude of high-profile retailers including but not limited to, Walmart, Meijer, Kroger, The Home Depot, Tractor Supply Company, Harbor Freight Tools, and Planet Fitness. This section of the thoroughfare averages ±26,373 vehicles per day, making it a premier location for a mid-size box retailer in the market. Positioned in the heart of Mid-Michigan, the property offers excellent accessibility to over 73,000 households within a 30-minute drive. Within a 5-minute drive time radius of the site, households spent a total of $1,810,648 on furniture in the 2021-2022 calendar year. The 2.01-acre parcel includes ample parking on the north and east sides of the building, with a single curb cut providing ingress and egress. Regarding competition in the market, there are two national tenants in Owosso: Aaron’s Rent to Own, and Rent-A-Center. The remaining competitors are local retailers.

The property is fully occupied by Big Sandy Home Furnishings and the franchisee intends to execute a long-term lease upon close.