23420 Allen Rd | Woodhaven, MI 48183
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23420 Allen Rd
Woodhaven, MI 48183
Walmart Shadow – Office Depot & Five Below · Retail Property For Sale
Investment Highlights
- Two-Tenant Retail Center Occupied by Office Depot & Five Below | In-Line with The Home Depot and Shadow Anchored by Walmart Supercenter
- Five-Year Lease Extension: Office Depot Recently Extended Triple-Net Lease for Five Years Under the Same Terms and Conditions!
- Significantly Outpaces Traffic for Other Office Depot Stores in Michigan & Most of the U.S. (Placer.ai)
- Major Investment: Landlord Invested Over $1.3M in Major CapEx & TI’s Backfilling the Office Depot to Five Below
- New 10-Year Lease: Five Below Signed a Brand New 10-Year NNN. This is a RARE Relocation Site Five Below has been in the Market for Over 10 Years
- Strategically Positioned at the Corner of West & Allen Roads (51,000 Vehicles Per Day) Across the Street from a Target Anchored Shopping Center
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
30,000 SF
Building Class
C
Year Built/Renovated
1999/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
3.58 AC
Zoning
B-3
Parking
108 Spaces (3.6 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 59-067-03-0003-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,295,109 |
PROPERTY TAXES
Parcel Number
59-067-03-0003-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,295,109
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