36454-36474 Groesbeck Hwy - Freestanding FOR SALE


Clinton Township, MI 48035
$1,000,000 USD
248-801-9499
36454-36474 Groesbeck Hwy, Clinton Township, MI for Sale
$1,000,000 USD
Freestanding - FOR SALE
1/8
null | 6.09% Cap Rate

36454-36474 Groesbeck Hwy
Clinton Township, MI 48035


HIGHLIGHTS

  • 100% Occupied 5,600 SF Multi-Tenant Strip Center | 6.09 CAP
  • Tenants include Urgent Care, Smoke Shop, Pizza Restaurant, and Hairdresser
  • Urgent Care has NNN lease through 2029 w/ 5-year renewal option
  • New parking lot, new roof, and LED lighting
  • 147' of Frontage on Groesbeck Hwy
  • 30,000 vehicles per day and strong demographics in area

OVERVIEW

Introducing an exceptional opportunity in metro Detroit —a fully occupied 5,600 SF multi-tenant strip center with a 6.09 CAP rate. This renovated retail center, zoned B3, offers a new parking lot, roof, and LED lighting, ensuring low maintenance for the discerning investor. Boasting 147' of frontage along Groesbeck Hwy and exposed to 30,000 vehicles per day, this property provides prime visibility. The diverse tenant mix, including an urgent care center with a NNN lease through 2029, a smoke shop, pizza restaurant, and hairdresser, further enhances its appeal. With strong demographics and solid leases in place, this investment promises long-term stability and attractive returns.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

6.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Groesbeck Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

B3

APN/PARCEL ID

16-11-28-276-021

ASK ABOUT THIS PROPERTY

Noor KalashoP.A. Commercial, LLCMore Info
248-801-9499

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

Noor KalashoP.A. Commercial, LLCMore Info
248-801-9499

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