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20879161

47200 W 10 Mile Rd, Novi, MI 48374

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
TF
MI MI 6501295851
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International
$6,850,302
548 days on market
Updated 8 days ago

Briar Pointe Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 29,808
Units 9
NOI $431,569
Tenancy Multi
Brand/Tenant CVS Pharmacy
Lease Type NNN
Year Built 1994
Buildings 1
Stories 1
Acreage 5.420
Zoning B-1
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee (+1)

Retail | 29,808 SF

Marketing description

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!

Listing Contacts

SJ
MI MI 6501357188, MI
The Jonna Group at Colliers International
TF
MI MI 6501295851
The Jonna Group at Colliers International
Listed by The Jonna Group at Colliers International

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$431,569.00
$35,964.08/mo

Valuation Metrics

0
DSCR
6.3%
Cap Rate
6.3%
ROI

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Additional Information

Name
Simon Jonna
License
MI 6501357188
Brokerage
Jonna Group | Colliers
Brokerage Phone
2482261610
Title
MI
Name
Tony Fayne
License
MI 6501295851
Brokerage
Colliers
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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