35000 W Warren Rd - Department Store FOR SALE


Westland, MI 48185
$16,230,000 USD
858-304-6360
35000 W Warren Rd, Westland, MI for Sale
$16,230,000 USD
Department Store - FOR SALE
1/2
null | 7% Cap Rate

35000 W Warren Rd
Westland, MI 48185


HIGHLIGHTS

  • Absolute NNN Ground Lease with Zero Landlord Responsibilities & Attractive Rental Increases
  • Attractive Assumable Financing Available With 5.12% Interest Rate
  • Ranked #4 in State of Michigan | Top 97th Percentile Ranking Nationally According to Placer.AI
  • Located in a Major Community Retail and Trade Hub with Traffic Counts Exceeding 62,000 VPD

OVERVIEW

Silber Investment Properties is pleased to present for sale the Kohl’s located in the city of Westland, part of the Detroit MSA; Michigan’s most populous city with an MSA population of nearly 4.4 million people. This asset is absolute NNN (Ground-Lease) in nature with no landlord responsibilities and over 12 years of firm term remaining. Kohl's does very well here as this store is ranked as a top 50 Location for them. The Property sits on approximately 8.34 acres of prime real estate along a major trade-area intersection that experiences approximately 65,000 VPD and is surrounded by national retailers, residential communities in this very dense retail and residential trade area.

FOR SALE DETAILS

PRICE

$16,230,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kohl's at Westland Shopping Center Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

227

LAND DETAILS

LAND ACRES

8.35 AC

LAND SF

363,726 SF

ZONING

CB-3

APN/PARCEL ID

56-015-99-0011-704

ASK ABOUT THIS PROPERTY

Blake BenitezSilber Investment Properties, LTDMore Info
858-304-6360

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Blake BenitezSilber Investment Properties, LTDMore Info
858-304-6360

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