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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27076044
26948346

35000 Warren Rd, Westland, MI 48185

JF
NY 10301207036, MA 138295 (+3)
Marcus & Millichap - Westchester
JL
NY 10401271892, IN RB14048415
Marcus & Millichap - Manhattan
KT
NY 10401335618
Marcus & Millichap - Westchester
Listed by Marcus & Millichap - Westchester, Marcus & Millichap - Manhattan
$14,000,000
267 days on market
Updated 43 days ago

Ground Lease Kohl's in Westland MI w/Over 11 Years Remaining

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 90,860
Cap Rate 8.11%
NOI $1,136,050
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/30/2037
Remaining Term 10.7
Rent Bumps Yes
Lease Options 4 x 5 Years
Price per SqFt $154
Year Built 1987
Year Renovated 2021
Stories 1
Parking Spaces spaces
Investment Type Core
Ground Lease Yes

Retail | 8.11% CAP | 90,860 SqFt

Marketing description

Ground Lease Kohl’s with Over Eleven Years Remaining. Kohl’s Recently Renovated in 2021, Showcasing Their Commitment to the Site. Inflation Hedge Increases Every 5 Years and No Landlord Responsibilties.

Investment highlights

  • This location includes an in-store Sephora, which enhances cross-traffic and broadens customer demographics

  • Over 814k residents and an average household income exceeding $92k create a powerful consumer base, driving demand and long-term retail stability

  • Located at the signalized corner of Warren Road and Wayne Road, the property boasts 60k VPD, offering unmatched visibility and accessibility

  • With over 800 feet of frontage along two major roads, the property offers prominent pylon and monument signage to enhance tenant visibility and consumer recognition

Listing Contacts

JF
NY 10301207036, MA 138295 (+3)
Marcus & Millichap - Westchester
JL
NY 10401271892, IN RB14048415
Marcus & Millichap - Manhattan
KT
NY 10401335618
Marcus & Millichap - Westchester
Listed by Marcus & Millichap - Westchester, Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,136,050.00
$94,670.83/mo

Valuation Metrics

0
DSCR
8.11%
Cap Rate
8.11%
ROI

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Additional Information

Name
Steve Chaben
License
MI 6502387903
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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