$5,250,000 USD
248-702-0288
HIGHLIGHTS
- 72,050 SF Service-Based Retail Center with Long History of Occupancy | 75% of Tenants have Operated on Site since 2007
- Cohesive Mix of National, Regional and Local Tenants | One Third of Tenants Operate Nationally
- 2025 5-Year Renewal by Anchor Cedar Creek Community Church | Established Multi-City Operation with Six Locations | Draws Large Crowds to Center
- Cedar Creek Church Increase in Rent in Current Renewal for 2026 | Increase in Additional (1) 3 Year Renewal | Interest in Right of First Refusal
- Shopping Center is Offered Well Below Replacement Costs
- Value-Add Through Restructuring or Re-leasing the Seven Tenants without Options | Opportunity to Push Rents at Lease Rollover
FOR SALE DETAILS
PRICE
$5,250,000 USD
PRICE/SF
$71 USD /SF
CAP RATE
9.51%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Deveaux Village Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
300
LAND DETAILS
CROSS STREETS
Douglas rd
LAND ACRES
3.65 AC
LAND SF
159,204 SF
ZONING
10-CR
APN/PARCEL ID
04-09559
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248-702-0288
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248-702-0288
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