$2,000,000 USD
202-573-2148
32373 Van Dyke Ave
Warren, MI 48093
Northwest Warren
HIGHLIGHTS
- The property is currently 61.13% occupied, presenting a clear opportunity to enhance cash flow and achieve a pro-forma cap rate of 9.69%.
- Positioned as an out-parcel to Menards, the site offers prominent frontage along a signalized intersection within a prime trade hub anchored.
- Consumer Cellular recently executed a fiveyear lease and invested over $300,000 into its buildout, demonstrating tenant commitment.
- The property benefits from excellent visibility in a densely populated area, with 109,167 residents within a three-mile radius.
- Triple Net (NNN) Leases are in place for the existing tenants, providing stable and predictable income.
- The 1.12-acre parcel is larger than most comparable pad sites, offering enhanced flexibility and long-term value.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 8,459 SF Value-Add Retail Opportunity located at 32373 Van Dyke Avenue in Warren, Michigan. Strategically positioned, the property is currently operating at 61.13% occupancy and presents significant upside through lease-up and stabilization. The asset benefits from attractive lease structures, with Triple Net (NNN) Leases in place for the existing tenants.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
FOR SALE DETAILS
PRICE
$2,000,000 USD
PRICE/SF
$236 USD /SF
CAP RATE
9.69%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Warren Value-Add Opportunity - Warren, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
73
LAND DETAILS
LAND ACRES
1.12 AC
LAND SF
48,787 SF
ZONING
M-1, Light Industrial
APN/PARCEL ID
12-13-04-226-026
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
202-573-2148
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
202-573-2148
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
