35372 Van Dyke Ave - Freestanding FOR SALE


Sterling Heights, MI 48310
$3,482,496 USD
248-579-5045
35372 Van Dyke Ave, Sterling Heights, MI for Sale
$3,482,496 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

35372 Van Dyke Ave
Sterling Heights, MI 48310


HIGHLIGHTS

  • Built in 2020 with a modern design and minimal anticipated capital requirements.
  • Fully leased to Aspen Dental and Charley’s Cheesesteaks & Wings, both nationally recognized brands.
  • Tenants cover taxes, insurance, CAM, HVAC, and maintenance, reducing landlord exposure.
  • Situated along Van Dyke Avenue, offering strong traffic counts and regional freeway access.
  • Located within a dominant retail hub surrounded by major national retailers and high residential density.
  • Positioned in Metro Detroit’s robust retail market, known for sustained consumer demand.

OVERVIEW

This modern, 5,548-square-foot multi-tenant retail center, built in 2020, offers investors a low-maintenance property with solid curb appeal and minimal near-term capital expenditures. The asset is fully leased to two creditworthy, nationally recognized tenants—Aspen Dental and Charley’s Cheesesteaks & Wings—providing stable income streams and long-term occupancy security. Current leases include favorable terms such as annual increases and minimal landlord responsibilities, boosting overall cash flow predictability. Positioned on Van Dyke Avenue (M-53), one of Macomb County’s prime commercial corridors, this property benefits from high daily traffic counts, strong regional connectivity, and excellent visibility from a dominant retail trade area. Well-established surrounding retailers including Walmart, Meijer, Home Depot, and multiple dining options further enhance its draw. The center serves a dense suburban community with over 8,650 residents and household incomes averaging $82,000 within a one-mile radius. With continued population growth and increased consumer activity in Metro Detroit, this is a strong opportunity for long-term investment in a resilient retail sector.

FOR SALE DETAILS

PRICE

$3,482,496 USD

PRICE/SF

$628 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,238 SF

ZONING

CM

APN/PARCEL ID

10-10-27-300-052

ASK ABOUT THIS PROPERTY

Sal YaldoAPEX Commercial Real Estate AdvisorsMore Info
248-579-5045

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Sal YaldoAPEX Commercial Real Estate AdvisorsMore Info
248-579-5045

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