SP Capital Group is pleased to exclusively represent the sale of a prime retail investment opportunity located at 32373–32405 Van Dyke Avenue in Warren, MI, within the Detroit metro area.
This 8,549 SF single-story retail building sits on 1.12 acres and features four retail units with on-site parking for 73 vehicles. Built in 2017, the property offers modern construction and strong visibility, situated as an outparcel to Menard’s and benefiting from traffic counts of 56,400 vehicles per day.
Currently, two units are leased to Consumer Cellular and Cottage Inn Pizza on long-term NNN leases, generating a current NOI of $118,200 with a projected NOI of $205,800 once the two vacant units are leased. The site is strategically positioned near the intersection of Van Dyke Avenue and E 14 Mile Road, minutes from major highways (I-94, I-75, I-696) and surrounded by a dense population base of 289,000 residents within a 5-mile radius.
Asking Price: $2,400,000
Lease Type: NNN
Occupancy: 50% (2 units leased, 2 vacant)
This offering presents investors with the opportunity to acquire a modern retail asset in a high-traffic corridor with significant upside through lease-up of the remaining vacancies.