6129 Highland Rd Portfolio FOR SALE


Waterford, MI
$750,000 USD
248-752-1276
, Waterford, MI for Sale
$750,000 USD
FOR SALE
1/4
null | 13.23% Cap Rate

6129 Highland Rd Portfolio
Waterford, MI


HIGHLIGHTS

  • Long term occupancy since 2008 with Daydreams Brick and Landscape Supply with no Option Period
  • Upside to extend both leases or sign a replacement tenant(s) to increase the Lease PSF and convert to a NNN Lease for each building on the property
  • Assumable land contract with third-party land owner and attractive seller financing terms
  • Owner/User Opportunity and Long Term Redevelopment Opportunity on 0.61 Acres
  • Over 129,000 people within 5 miles of the subject property

OVERVIEW

Daydreams Brick and Landscape Supply and a cannabis caregiver cultivation are available for sale. Built in 1952 and renovated in 2008, the property features two (2) freestanding industrial/retail/office buildings with HT-1, High Tech Office District zoning. Conveniently located on highly traveled Highland Road, which sees over 38,000 vehicles per day, the site benefits from exceptional visibility and accessibility. Surrounded by a dense residential community with over 129,000 people within a five-mile radius of the site. Tremendous synergy in the marketplace with established national and regional retailers.

ASK ABOUT THIS PROPERTY

Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

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Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

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