30598-30860 Southfield Rd - Freestanding FOR SALE


Southfield, MI 48076
$10,200,000 USD
248-538-2000
30598-30860 Southfield Rd, Southfield, MI for Sale
$10,200,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

30598-30860 Southfield Rd
Southfield, MI 48076


HIGHLIGHTS

  • Diverse mix of national and regional tenants, fostering strong retail synergy.
  • Strategically positioned at the high -traffic intersection of Thirteen Mile and Southfield Roads, this location benefits from exceptional visibility.
  • . Southfield is strategically positioned along several major freeways, including (M -10), (M -39), I -696, and (M-24).

OVERVIEW

Country Corner Shopping Center is home to a diverse mix of national and regional tenants, fostering strong retail synergy. The center benefits from adjacency to CVS, while major anchors include O'Reilly Auto Parts and Harbor Freight Tools. Additional tenants such as Little Caesars, Fyzical Therapy Center, New York Bagel and Mezza Mediterranean Grille serve the everyday needs of local consumers. Strategically positioned at the high traffic intersection of Thirteen Mile and Southfield Roads, this location benefits from exceptional visibility and accessibility. It is situated less than two miles from Corewell Health Hospital's Royal Oak Campus and just minutes south of the prestigious Downtown Birmingham shopping district. The immediate trade area is bustling with a strong lineup of national retailers, including Target, The Home Depot, Burlington, T.J. Maxx, Ace Hardware, and Planet Fitness, contributing to consistent consumer draw and market stability. The City of Southfield is a prominent suburban city located in the Oakland County, within the Detroit metropolitan area. Southfield is strategically positioned along several major freeways, including the Lodge Freeway (M -10), Southfield Freeway (M -39), I -696, and Telegraph Road (M -24), offering direct access to the City of Detroit, surrounding suburbs, and regional commercial corridors. Southfield offers one of the largest concentrations of office space outside of Downtown Detroit. With just over 27 million square feet of office space, Southfield ranks second in the state, following only Detroit’s Central Business District. In addition to long -term leases with established national tenants such as O’Reilly Auto Parts and Harbor Freight Tools, the center maintains a strong history of tenant retention, with several occupants having remained in place for multiple lease terms. Recently, the tenant mix has been enhanced with the addition of prominent users including New York Bagel and Fyzical Therapy Center. The asset presents a value -add opportunity through future rent escalations and lease renewals. Current lease rates are positioned at or below market levels, offering potential for increased income and long -term growth. The adjacent CVS parcel shares in the costs of maintaining, repairing, and replacing certain common areas, as outlined in a Reciprocal Easement Agreement.

FOR SALE DETAILS

PRICE

$10,200,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Corners Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

5.4 AC

LAND SF

235,224 SF

ZONING

NS

APN/PARCEL ID

24-12-101-006

ASK ABOUT THIS PROPERTY

Andrew RoyeCMP Real Estate GroupMore Info
248-538-2000

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Andrew RoyeCMP Real Estate GroupMore Info
248-538-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.