5703-5727 S Wayne Rd - Storefront FOR SALE


Wayne, MI 48184
$1,120,000 USD
248-965-1286
5703-5727 S Wayne Rd, Wayne, MI for Sale
$1,120,000 USD
Storefront - FOR SALE
1/8
null | 6.84% Cap Rate

5703-5727 S Wayne Rd
Wayne, MI 48184


HIGHLIGHTS

  • 100% occupied 3 unit retail center.
  • All 3 tenants have renewed their lease multiple times.
  • Below market rents if the new owner has plans of increasing rents.
  • Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonald’s.
  • Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility.
  • Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.

OVERVIEW

100% occupied 3 unit retail center. 10-15+ years of tenancy for all 3 tenants with longterm leases all planning on renewing/staying. Parking Lot Resealed 2025 Below market rents if new owner has plans of increasing rents. Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonald’s. Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic. Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.

FOR SALE DETAILS

PRICE

$1,120,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

6.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Wayne Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

CROSS STREETS

SEC Wayne Rd. & Phyllis St.

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C

APN/PARCEL ID

55-019-03-0001-000

ASK ABOUT THIS PROPERTY

Cameron HanssonNew Era Real EstateMore Info
248-965-1286

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Cameron HanssonNew Era Real EstateMore Info
248-965-1286

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