Shopping Center for Sale
Catylist Listing ID: 14421681
Property Subtypes: Mixed Use, Net Leased, Strip Center
Building Size (RSF): 14,380 SF
Gross Land Area: 2.29 Acres
Sale Price: $2,450,000
Unit Price: $170.38 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 13,961 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 5/18/2019

Overview / Comments

14,380 square foot shopping/medical center in a great location on busy Highland Rd (M-59). Property was completely renovated starting in 2006, new roof, all new roof top HVAC units, all new thermal solar glass fronts, new LED parking lot lighting, new landscaping. Ceilings are 12' . Excellent location with high exposure. Pylon and facia signage available. Excellent parking. Traffic count: 53,800 cars daily (2002).

Current Tenants

Tenant Business Name St Joseph Mercy Hospital Urgent Care
Suite Number 5800
SF of Space Occupied 4,464 SF
Tenant Business Name Affinity Pediatrics & Internal Medicine
Suite Number 5820
Tenant Business Name Firehouse Subs
Tenant Business Name Waterford Urgent Care
Website URL Medical
Tenant Business Name Tech Express Repair
Tenant Business Name Comprehensive Hand and Rehabilitation

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Lakes Area
Submarket Type: Suburban
Taxing Authority: WATERFORD
Tax ID/APN: 13-16-352-034
Zoning: C-3
Market Type: Medium
Retail Clientele: General
Property Located Between: Airport Road and Crescent Lake Road
Side of Street: North
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Highland Rd
Feet of Frontage: 200
Traffic/Vehicle Count: 53,800
Transportation: Highway, Airport, Taxi
Highway Access: The Property is located on a major East-West Highway M-59
Airports: The property is less than a mile from Oakland Internationsl Airport
Site Description: Highland Row is a commercial center with Medical tenants & retail tenants. The center has a 53,800 traffic count
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,380 SF
Property Condition: Excellent
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 90
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite, T1/T3
Zoning Description: C-3 zoned Commerical- Retail, Office, or Medical
Lot Frontage: 200
Lot Depth: 430 FT irr
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,405 67,207 161,884
Median Age: 40.42 39.51 39.46
Households: 3,999 27,388 64,293
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.