28460 Groesbeck Hwy - Warehouse FOR SALE
Roseville, MI 48066 |
$1,950,000 USD
513-325-8682
28460 Groesbeck Hwy
Roseville, MI 48066
HIGHLIGHTS
- MAACO has operated at this location since 2001, providing over 23 years of tenancy with a proven track record, and over 10 years remaining
- Double Net lease with landlord responsible for just roof and structure, with the tenant covering taxes, insurance, and CAM above base year costs
- 13.6% rental increase coming in September 2026 - Current annual base rent of $132,000 increases to $150,000 in 2026 and $162,000 in 2031
- 2026 rental increase brings cap rate to 6.71% based on current asking price of $1,950,000.
- Current rent is $5.93/SF, well below market average retail rents of $8.89/SF NNN
- 22,276-SF building on 1.32 acres with fee simple ownership—providing long-term control and redevelopment potential
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$83 USD /SF
CAP RATE
5.79%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Maaco Auto Paint & Body
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1965
UTILITIES
-
CLEAR CEILING HT
16 Ft
DOCKS
-
DRIVE INS
8
PARKING SPACES
65
LAND DETAILS
LAND ACRES
1.09
LAND SF
47,480
ZONING
RETAIL 5K
APN/PARCEL ID
08-14-18-128-015
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513-325-8682
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513-325-8682
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