5720 Highland Rd - Storefront Retail/Office FOR SALE


Waterford, MI 48327
$2,400,000 USD
248-227-9933
5720 Highland Rd, Waterford, MI for Sale
$2,400,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | Request Cap Rate

5720 Highland Rd
Waterford, MI 48327


HIGHLIGHTS

  • Fully occupied neighborhood retail center with established tenancy.
  • Located along heavily traveled Highland Road (M-59).
  • Pylon signage delivers strong visibility and tenant exposure.
  • Surrounded by national retailers, restaurants, and dense residential neighborhoods.
  • Leased tenants includes a single five-year renewal option, offering the potential for continued occupancy and long-term

OVERVIEW

5720 Highland Road presents the opportunity to acquire a fully occupied neighborhood retail center positioned along Highland Road (M-59), one of Waterford Township's primary commercial corridors. The property consists of a multi-tenant retail asset with six suites and benefits from established tenancy, prominent roadway visibility, and exposure to the area's daily consumer traffic. Existing occupancy and reported below-market rents provide investors with a stabilized income stream while offering the potential for future revenue growth through lease rollover and market rent adjustments. The center has undergone notable capital improvements, including a refreshed façade, new awnings, and a recapped parking lot, supporting long-term ownership and tenant retention. A pylon sign enhances visibility from Highland Road, helping drive awareness for tenants and reinforcing the property's presence within the corridor. The surrounding trade area includes nationally recognized retailers and restaurants such as Starbucks, McDonald's, Jimmy John's, and Buffalo Wild Wings, contributing to consistent consumer activity and retail demand. Waterford Township's location within Oakland County provides access to a large regional population base and strong commuter connectivity through M-59 and nearby arterial roadways. The property's position within an established commercial corridor and surrounding residential neighborhoods supports continued tenant demand and customer accessibility. Combining stabilized occupancy, recent property upgrades, retail corridor exposure, and future rental upside, 5720 Highland Road offers investors a well-located retail asset with both current income and long-term value enhancement potential.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,529 SF

ZONING

C3

APN/PARCEL ID

13-16-378-019

ASK ABOUT THIS PROPERTY

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248-227-9933

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Angie IssoKTIPMore Info
248-227-9933

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