Property History
Property Type
Property Type
Asking Details
Asking Price
Asking Cap Rate
Asking NOI
Marketing Description
Mid-America Real Estate-Michigan, Inc. has been retained
on behalf of ownership to sell the 100% fee simple interest
in 1.86 acres of land with a 17,330 square foot building in
Sterling Heights, Michigan that is fully occupied by Henry Ford
OptimEyes. The property is positioned along Metro Detroit’s
busiest retail corridor, at the southwest corner of Hall Road
(M-59) and Schoenherr Road featuring over 125,000 vpd at the
intersection. This is a rare opportunity to own one of the most
prominent corners in all of Michigan.
Investment Highlights
- PROMINENT CORNER: The subject property is ideally positioned at southwest corner of Hall and Schoenherr Roads, featuring over 125,000 vehicles per day traveling along the intersection. Hall Road, is one of the busiest intersections in all of Metro Detroit and dubbed the “Golden Corridor” because of its immense economic impact in Macomb County and Metro Detroit
- AMAZING VISIBILITY AND ACCESS: Amazing visibility from both Hall and Schoenherr Roads, the property is easily detectable for tenants’ customers. In addition to the strong visibility, there are several points of ingress and egress from the property, including 2 points (one with a traffic signal) on Hall Road and 3 points on Schoenherr Road.
- DOMINANT RETAIL CORRIDOR: The corridor is the major east-west commercial corridor in Sterling Heights and Macomb County. The Sterling Heights section of Hall Road is one of the busiest retail corridors in Michigan, lined with big-box stores, restaurants, auto dealerships, shopping centers and entertainment venues. The country’s biggest retailers who reside along the corridor include Costco, Target, Whole Foods, Home Depot, Walmart, Sam’s Club, Total Wine, Petco, DSW, Hobby Lobby, Dick’s Sporting Goods, Michael’s, and many more. Hall Road is also home to many national QSRs and sit-down restaurants including Chick-fil-A, Jollibee, Portillo’s, McDonald’s, Starbucks, Olive Garden, Outback, Shake Shack, Longhorn Steakhouse, Ford’s Garage, and more
- DENSE RESIDENTIAL CUSTOMER BASE: This Henry Ford Health OptimEyes is located in the heart of Sterling Heights, a vibrant and affluent community in Metro Detroit. The city is known for its dense neighborhoods, strong economy, and business-friendly environment. Within 5-miles of the property the residential population reaches over 230,000 people, with an average household income of $109,243. Furthermore, healthy growth is projected over the next 5 years, with the population expected to grow by .49% within a 1-mile radius.
Property Type
Property Type
Asking Details
Asking Cap Rate
Marketing Description
Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate Group – Michigan, Inc., has been retained on behalf of the owner as the exclusive listing broker to sell the fee simple interest in a true triple net single tenant lease with Henry Ford OptimEyes located at 44987 Schoenherr Road, Sterling Heights, Michigan. The property is approximately 20 miles north of Downtown Detroit, and is comprised of a 17,330 square foot retail building situated on 1.86 acres of land. OptimEyes has nearly 12 years remaining in their primary term with 2% annual rental increases throughout the primary term and all option periods, as highlighted in the financial section. The site is located in the densely populated area of Sterling Heights, with approximately 104,000 residents in a three mile radius and 251,000 in five miles. The site’s exposure to more than 167,000 vehicles per day at the intersection of Schoenherr and Hall Roads, desirable tenant credit, and annual rent increases make it an excellent net lease investment opportunity.
Investment Highlights
- Premier Medical-Vision Center
- Strong Corporate Guarantee, Excellent Sales And Health Ratio
- Super Regional Trade Area
- “Main & Main” Corner with Excellent Traffic and Visibility
- Strong Surrounding Demographic Profile
- Outlot to Strong Regional Center
Loan History
Financial History
Tax History
Contact Information
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error
Ownership Information
Property Details
Contacts
Sold on
BY:
Wes Koontz PRO
LIC: FL BK3517518
•••.•••.4423
wk@••••••.com
Sold on
BY:
Ben Wineman
LIC: MI 471008161
•••.•••.7336
••••eman@•••••••••••••.com
Map
Comparable Properties
Does any data look off? Help us improve Crexi by offering your feedback!
