15405-15415 Gratiot Ave - Freestanding FOR SALE


Detroit, MI 48205
$5,100,000 USD
248-702-0288
15405-15415 Gratiot Ave, Detroit, MI for Sale
$5,100,000 USD
Freestanding - FOR SALE
1/6
null | 9.92% Cap Rate

15405-15415 Gratiot Ave
Detroit, MI 48205


HIGHLIGHTS

  • Two Parcels Comprised of a Fully-Occupied Retail Center with a Tenant Mix Including Checkers and CVS Building
  • Strong Mix of National and Local Retailers with Staggering Expiration Dates
  • CVS Pharmacy Vacating in April Provides an Upside Opportunity to Release at Higher Rents
  • Positioned at the Signalized Intersection of 8 Mile Road and Gratiot Avenue with a Combined Traffic Count of 65,700+ Vehicles Per Day
  • Easily Accessible with Multiple Points of Ingress/Egress and Ample Parking
  • Excellent Visibility with Frontage Along 8 Mile Road and Gratiot Avenue

OVERVIEW

Two Parcels Comprised of a Fully-Occupied Retail Center with a Tenant Mix Including Advance America, Gamestop, Metro PCS, and Little Caesars as well as a Checkers and CVS Building Strong Mix of National and Local Retailers with Staggering Expiration Dates CVS Pharmacy Vacating in April Provides an Upside Opportunity to Release at Higher Rents Positioned at the Signalized Intersection of 8 Mile Road and Gratiot Avenue with a Combined Traffic Count of 65,700+ Vehicles Per Day Excellent Visibility with Frontage Along 8 Mile Road and Gratiot Avenue Surrounded by National Retailers Including Aldi, Burger King, Dollar Tree, Dunkin', Subway and White Castle Easily Accessible with Multiple Points of Ingress/Egress and Ample Parking Strong 1, 3 and 5-Mile Demographics | Population Exceeds 167,600 Within a 3-Mile Radius and Exceeds 384,000 Within a 5-Mile Radiu

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

9.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Village Shoppes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

230

LAND DETAILS

LAND ACRES

4.26 AC

LAND SF

185,566 SF

ZONING

B4

APN/PARCEL ID

21-029212

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.