Monroe Motor Mall | Monroe, MI

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

Brent Hanna

248.702.0293
brent@encorereis.com

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Offering Information

1429-1451 North Monroe St
Monroe, MI 48162

  • Price: $950,000
  • Cap. Rate: 8.30%
  • NOI: $78,850
  • Building Size: 16,600SF
  • Lot Size: 2.00 AC

Investment Highlights

  • Excellent Location on North Monroe Street
  • Below Market Replacement Costs | 100% Occupied Strip Center
  • 16,600 SF Building Situated on 2.00 +/- Acres of Land
  • Auto Mall Including: Oil Change, Two Storage Units and a Tire Shop
  • New Parking Lot, Freshly Painted Building and New Roof
  • Strategically Located Next to a Honda Dealership
  • North Monroe Street Traffic Counts Boast 16,502 VPD+
  • 5 Mile Population Surrounding Investment Property Exceeds 53,925
  • Average Household Income Within 1 Mile is $61,539
  • Surrounded by Numerous National Tenants: Walgreens, AutoZone, Exxon Gas, Super Kmart, A&W Restaurant and Many More