Multi Tenant Retail Center | 100% Leased to National & Regional Tenants | Sterling Heights, MI

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

36645-36765 Van Dyke
Sterling Heights, MI 48310

  • Price: $7,850,000
  • Cap. Rate: 6.75%
  • NOI: $530,329
  • Building Size: 17,300SF
  • Lot Size: 2.15 AC

Investment Highlights

  • New Construction Class A Retail Center Located on Van Dyke
  • NNN Lease Structure | Minimal Landlord Responsibilities
  • 100% Leased to National & Regional Tenants - Tropical Smoothie, Tim Hortons, Med Post Urgent Care, Verizon, Firehouse Subs and More
  • Tim Hortons and Tropical Smoothie are Drive Thru Equipped
  • Leases Include Increases in the Primary Term as well as Options
  • 2016 Constructed - High Image Retail Centers
  • Phenomenal Location on Heavily Traveled Van Dyke - One of Metro Detroit's Busiest Thoroughfares
  • Outparcel to two Hilton Hotels Concepts Currently Under Construction

    – Tru by Hilton http://tru3.hilton.com
    – Home 2 Suites by Hilton http://home2suites3.hilton.com

  • Directly Across the Street from a 200,000 SF Meijer Supermarket
  • Busy Retail Corridor w/ Traffic Counts of 63,893 VPD+/- on Van Dyke
  • 5 Mile Population Surrounding Investment Property Exceeds 289,000
  • Located in the Area’s Premier Retail Corridor with National Tenants such as Meijer, Panera Bread, Home Depot, FedEx, Applebee’s, Dollar Tree, OfficeMax, Taco Bell, Starbucks, Jimmy Johns, Panera Bread, Hampton Inn, Home 2 Suites by Hilton, Tru by Hilton and Many More
  • Average Household Income Exceeds $72,000 in 1 Mile Radius
  • 168,800+ Employees within 5 Mile Radius Surrounding Property