Highlights
• 100% occupied property generating an NOI of approximately $202,036 • All three tenants on long-term NNN leases, in place since at least 2005 • Features dual-sided pylon signage on Capital Avenue • Large on-site parking lot with 106 spaces
Description
Capital Square Shopping Center is a grocery-anchored retail property located on the west side of Capital Avenue in Battle Creek, Michigan. The center encompasses 50,984 square feet on a 5.06-acre parcel and is fully leased across three units to Family Fare Supermarket, Family Dollar, and Rent-A-Center, all on NNN leases. The property generates a net operating income (NOI) of approximately $205,108 and features dual-sided monument signage along Capital Avenue, offering visibility to over 10,000 vehicles per day, along with a large on-site parking lot with 106 surface spaces. Nearby retailers include Walgreens, Dollar Tree, Dollar General, AutoZone, O’Reilly Auto Parts, Ace Hardware, Biggby Coffee, McDonald’s, Taco Bell, Subway, KFC, Wendy’s, and several others.
Listing Details
- Tenancy
Multi
- Space Type
retail
- Sub Category
shopping-mall
- Date Listed
9/8/2025
- Net Operating Income
$205,108
- Parking Info
106 Spaces (2.08 Spaces per 1,000 SF Leased)
- Building FAR
0.23
Property Specifics
- Property Name
Capital Square | 1571-1603 Capital Ave
- Property Class
C
- No of Buildings
1
- No of Stories
1
- Year Built
1979
- Building Size
50,984 SF
- Lot Size
5.06 AC
- Year Renovated
1991
- Zoning
C2-COMM
- Occupancy
100%