25377 - 25397 Schoenherr Road is situated on a pad site adjacent to a 155,000 SF Meijer Supercenter at the northwest corner of Ten Mile and Schoenherr Roads in Warren, Michigan. Stable asset with long-term leases, featuring a weighted average lease term (WALT) of just over six years across four leases. Current leases include rental increases during the primary lease terms, which provides potential upside for the asset. The Meijer Supercenter ranks in the top 77% nationwide, with over 2.1 million customers visiting this location in 2023. Great Clips ranks in the top 75% nationwide and top 80% in the State of Michigan with over the past 12 months. Dunkin’ Donuts and Taco Bell both operate on a pad site adjacent to the Meijer along Ten Mile Road.
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The surrounding area features a dense residential population and a robust
workforce, with numerous industrial and office buildings along Groesbeck
Highway (M-97).