47200-47340 W 10 Mile Rd - Freestanding FOR SALE


Novi, MI 48374
$6,850,302 USD
248-226-1610
47200-47340 W 10 Mile Rd, Novi, MI for Sale
$6,850,302 USD
Freestanding - FOR SALE
1/3
null | 6.3% Cap Rate

47200-47340 W 10 Mile Rd
Novi, MI 48374


OVERVIEW

Introducing BRIAR POINTE PLAZA, a prime investment opportunity located at 47200 – 47340 W 10 MILE ROAD, NOVI, MI 48374. This high-exposure plaza is anchored by CVS and strategically positioned at the bustling intersection of Ten Mile Road and Beck Road, ensuring maximum visibility and accessibility for both tenants and customers. Featuring a diverse tenant mix of retail and medical businesses including CVS, Martinizing Dry Cleaners, Briar Pointe Dentistry, and more, BRIAR POINTE PLAZA offers a robust neighborhood center with 29,908 SF of leasable space. Boasting a strong average household income of $236,812 within a 1-mile radius and close proximity to Providence Park Hospital, this property presents a lucrative investment opportunity. With an asking price of $6,850,302 and a competitive cap rate of 6.30%, this NNN leased property generates a solid NOI of $431,569. Don't miss out on this outstanding investment in the heart of Novi!

FOR SALE DETAILS

PRICE

$6,850,302 USD

PRICE/SF

$230 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Briar Pointe Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

178

LAND DETAILS

LAND ACRES

6.42 AC

LAND SF

279,655 SF

ZONING

B-1

APN/PARCEL ID

22-21-300-025

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

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