31501-31525 Joy Rd - Storefront FOR SALE
Westland, MI 48185 |
$3,305,000 USD
248-702-0288
31501-31525 Joy Rd
Westland, MI 48185
HIGHLIGHTS
- Fully-Occupied Multi-Tenant Retail Center Anchored by CVS Pharmacy
- Strong Mix of Service-Based Tenants With Staggering Expiration Dates
- CVS Has a Long-Term Commitment to the Site of Over 26 Years
- CVS is on a NNN Lease & Reimburses 55.49% of Tax, Insurance and CAM
- CVS is Responsible For Their Own Roof & HVAC Repair/Replacement
- Benny's Pizza Pub Has Been at This Location for 33 Years and Has Become a Popular Local Restaurant "A Neighborhood Staple"
FOR SALE DETAILS
PRICE
$3,305,000 USD
PRICE/SF
$103 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Joy & Merriman Retail Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1957
SPRINKLERS
-
PARKING SPACES
159
LAND DETAILS
LAND ACRES
3.6 AC
LAND SF
156,816 SF
ZONING
C
APN/PARCEL ID
56-009-99-0001-002
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248-702-0288
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248-702-0288
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