Listed by Friedman Real Estate
$2,950,000
Huron Centre
Details
Property Type Retail
Sub Type Commercial
Square Footage 21,345
Cap Rate 7.80%
NOI $230,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Acreage 1.340
Performing Retail Asset Along High Traffic Corridor
Marketing description
For Sale
Investment highlights
±21,345 SF multi-tenant retail center in Waterford, MI
100% occupied with stable tenancy in low vacancy market
Diverse & service-oriented tenant mix
Visible location along M-59, a high traffic commercial corridor
Dense rooftops and strong surrounding demographics
Upside through converting gross leases to NNN
NOI: ±$230,000 (7.8% Cap)
Listing Contacts
Listed by Friedman Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$230,000.00
$19,166.67/mo
Valuation Metrics
0
DSCR
7.8%
Cap Rate
7.8%
ROI
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