Listed by CENTURY 21 Curran & Oberski Dearborn Heights
$3,200,000
7040-7060 N. WAYNE RD
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 12,100
Units 4
Cap Rate 6.9%
NOI $220,794
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Remaining Term 4
Lease Options 10
Year Built 1977
Year Renovated 2015
Buildings 1
Stories 1
Acreage 0.780
Zoning COMMERCIAL
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
7040-7060 N. WAYNE RD
Marketing description
PROPERTY HIGHLIGHTS
• 12,100 SF multi-tenant retail property with NNN
leases
• Anchored by long-term tenants: • Men's Wearhouse - a national chain, occupying
for 30+ years • GameStop - a national chain, occupying for 25+
years
• Exciting new tenants:
• Gyro Gods - includes a drive-thru window • Red Effect - new tenant with potential as a
national chain • 100% occupied with stable tenant history and
diverse mix of businesses • Prime location across from Westland Mall, offering
high traffic and visibility
• Excellent accessibility near the corner of N Wayne Rd & Warren Rd
Investment highlights
PROPERTY HIGHLIGHTS
• 12,100 SF multi-tenant retail property with NNN
leases
• Anchored by long-term tenants: • Men's Wearhouse - a national chain, occupying
for 30+ years • GameStop - a national chain, occupying for 25+
years
• Exciting new tenants:
• Gyro Gods - includes a drive-thru window • Red Effect - new tenant with potential as a
national chain • 100% occupied with stable tenant history and
diverse mix of businesses • Prime location across from Westland Mall, offering
high traffic and visibility
• Excellent accessibility near the corner of N Wayne Rd & Warren Rd
Listing Contacts
Listed by CENTURY 21 Curran & Oberski Dearborn Heights
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$220,794.00
$18,399.50/mo
Valuation Metrics
0
DSCR
6.9%
Cap Rate
6.9%
ROI
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