This anchored value-add center is situated on a 4.11-acre site along Perry Street in Pontiac, Michigan. Oakland County Michigan Works! One Stop Service Center accounts for 46% of total rental income and has occupied the property since 2018. The tenant is operated by Goodwill of Greater Detroit and has one, three-year renewal option remaining.
Early Childhood Development Center provides additional stability with more than 7.5 years of lease term remaining, a net-leased structure and two, five-year renewal options. Approximately 10,000 square feet of vacant space offers a meaningful lease-up opportunity and potential upside.
The property is located 1.7 miles from two Interstate 75 interchanges and within an established business and industrial corridor. The surrounding area includes major corporate headquarters, manufacturing facilities, distribution centers and 16 hotels within three miles.
Nearby institutions include Oakland University (15,979 students) and Baker College of Auburn Hills (3,572 students). The area has a daytime population of 116,687, while 151,877 people live within five miles and earn an average household income of $108,141.