Wayne Plaza 2 Retail Properties Offered at $5,820,612 CAD in Wayne, MI
INVESTMENT HIGHLIGHTS
- Great tenant mix with national tenants
- Retail center with 90.25% occupancy with upside
EXECUTIVE SUMMARY
Great opportunity in Metro Detroit. 25,636 SF multi-tenant strip center with a 7.64 CAP rate available for sale. 90.25% occupied with a 2,500 sf vacancy for upside. This retail center is located in the heart of Wayne, ample parking, and a low maintenance investment. Located at the corner of E. Michigan Avenue and Wayne Road. A very busy area. A great tenant mix, including Jimmy John's, Tropical Smoothie, Domino's, SVS Vision, Wing Stop, and more.
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PROPERTY FACTS
| Price | $5,820,612 CAD |
| Price / SF | $227.05 CAD / SF |
| Cap Rate | 7.64% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 25,636 SF |
| Total Land Area | 2.75 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Wayne Plaza - Building B
35155-35173 E Michigan Ave, Wayne, MI 48184 |
Retail | 10,456 SF | 1976 | - |
|
Wayne Plaza - Building A
35115-35149 E Michigan Ave, Wayne, MI 48184 |
Retail | 15,180 SF | 1976 | - |
