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30048341

29411 John R Rd, Madison Heights, MI 48071

ML
MI MI 6501395927
Landmark Commercial Real Estate Services
JM
MI 6501450066
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
DK
MI 6502361395
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services
Unpriced
91 days on market
Updated 29 days ago

Madison Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 71,647
Occupancy 100%
Tenancy Multi
Brand/Tenant Kim Nhung Superfood, Hallmark (+1)
Year Built 1962
Year Renovated 2023
Buildings 1
Stories 1
Acreage 6.720

NOI: $1,062,780 | Long-Term Lease with Amazon Credit | WALT = 9+ Years

Marketing description

Landmark Investment Sales is pleased to present Madison Center, a well-located retail center in Madison Heights, Michigan, anchored by a high-performing Asian grocer subleased from Amazon, with Amazon remaining on the master lease through 2039. The property is positioned at the signalized intersection of 12 Mile Road and John R Road, offering immediate access to I-75 and benefiting from strong surrounding demographics, including an average household income of $106,000 within a three-mile radius.

Madison Center features tenants such as the U.S. Post Office and Acorn Health and is shadow anchored by BJ’s Wholesale Club. The center’s diversified, daily-needs-oriented tenant mix, coupled with long in-place lease terms, provides durable income stability and meaningful downside protection for investors.

Listing Contacts

ML
MI MI 6501395927
Landmark Commercial Real Estate Services
JM
MI 6501450066
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
DK
MI 6502361395
Landmark Commercial Real Estate Services
JG
MI 6501378141
Landmark Commercial Real Estate Services
Listed by Landmark Commercial Real Estate Services

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Additional Information

Name
Max Lippitt
License
MI 6501395927
Brokerage
Landmark Commercial Real Estate
Brokerage Phone
2485148156
Name
Jack Melton
License
6501450066
Brokerage
Landmark Commercial Real Estate
Name
Eli Neuman
License
6501456898
Brokerage
Landmark Commercial Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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