32373-32401 Van Dyke Ave | Warren, MI 48093
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- LoopNet Team
32373-32401 Van Dyke Ave
Warren, MI 48093
Shoppes at Beaver Creek Menard's Outlot · Retail Property For Sale
Investment Highlights
- Located on Van Dyke Avenue, south of 14 Mile Road at a traffic signal with excellent visibility to the ±45,855 vehicles that drive by daily
- Located along a primary six-lane thoroughfare with a mix of surrounding uses just two-miles from the GM/Fiat automotive plants.
- Strategically positioned on an outlot to Menard's with major neighboring retailers, such as Walmart, Lowe's, and Meijer.
- 100%-occupied with stable income and over $321k in gross rents from the current tenant line-up; long-term NNN leases with internet resistant tenants.
- The Seller, an established Michigan based developer, will master lease the ±1,782 SF vacancy for two years from closing at a below-market rent.
- Complementary service-oriented tenancy with staggered lease expirations, escalations, and options providing for stable cash flow and future upside.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,459 SF
Building Class
B
Year Built
2017
Percent Leased
36%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.12 AC
Zoning
M-1, Light Industrial - Light Industrial
Parking
73 Spaces (8.63 Spaces per 1,000 SF Leased)
Frontage
112 ft on Van Dyke Ave
Amenities
- Monument Signage
PROPERTY TAXES
| Parcel Number | 12-13-04-226-026 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,041,618 |
PROPERTY TAXES
Parcel Number
12-13-04-226-026
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,041,618
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