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Briar Pointe Plaza 47200-47340 W 10 Mile Rd

29,808 SF 100% Leased Retail Building Novi, MI 48374 $9,710,097 CAD ($326 CAD/SF) 6.30% Cap Rate

Executive Summary

Introducing BRIAR POINTE PLAZA, a prime investment opportunity located at 47200 – 47340 W 10 MILE ROAD, NOVI, MI 48374. This high-exposure plaza is anchored by CVS and strategically positioned at the bustling intersection of Ten Mile Road and Beck Road, ensuring maximum visibility and accessibility for both tenants and customers. Featuring a diverse tenant mix of retail and medical businesses including CVS, Martinizing Dry Cleaners, Briar Pointe Dentistry, and more, BRIAR POINTE PLAZA offers a robust neighborhood center with 29,908 SF of leasable space. Boasting a strong average household income of $236,812 within a 1-mile radius and close proximity to Providence Park Hospital, this property presents a lucrative investment opportunity. With an asking price of $6,850,302 and a competitive cap rate of 6.30%, this NNN leased property generates a solid NOI of $431,569. Don't miss out on this outstanding investment in the heart of Novi!

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,808 SF
Building Class
C
Year Built
1994
Price
$9,710,097 CAD
Price Per SF
$326 CAD
Cap Rate
6.30%
NOI
$611,736 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
6.42 AC
Zoning
B-1 - General Commercial Zoning
Parking
178 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
508 ft on W. 10 Mile Rd.

Amenities

  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jan 0000

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

  • Health Care and Social Assistance
  • -
  • -
  • Jan 0000

At HealthQuest Physical Therapy their main goal is patient's goal: to get people back to living life to the fullest. That has been their quest since they opened their first facility in Rochester Hills in 1999. However, at HealthQuest Physical Therapy the difference is clear. From their initial new patient phone call to patient's yearly check-up visit, it will be evident that they're more than a patient…they’re family. Patients come to HealthQuest Physical Therapy for a variety of reasons. Patients who have visited other physical therapy centers said they feel they are more caring, more compassionate, and far more attentive to their needs. That’s because they understand that people in pain want, more than anything else, to feel good again. By combining their collective skills, training, knowledge, and experience, they achieve better results for their patients.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - Jan 0000
Health Care and Social Assistance - - Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-21-300-025
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,591,382 CAD
  • Listing ID: 34062435

  • Date on Market: 2024-12-03

  • Last Updated:

  • Address: 47200-47340 W 10 Mile Rd, Novi, MI 48374

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