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30085626

9169 Telegraph Rd, Redford, MI 48239 For Sale

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
139 days on market
Updated 78 days ago

Redford Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 308,078
Occupancy 95.41%
Tenancy Multi
Brand/Tenant Dollar Tree, Harbor Freight (+4)
Year Built 1963
Year Renovated 2006, 2019, 2024
Buildings 4
Stories 1
Acreage 22.980
Zoning Commercial

In Place NOI $3,581,316 | Grocery Anchored Power Center | Upside Potential & Stable Tenancy

Marketing description

Landmark Investment Sales is pleased to exclusively offer for sale, Redford Plaza, the dominant grocery-anchored power center serving a dense and growing population of approximately 346,850 residents within a five-mile radius. This offering represents a rare opportunity to acquire a well-located, stabilized retail asset at a price significantly below replacement cost, with both durable income and meaningful upside. Redford Plaza is ideally positioned for investors seeking long-term stability, strong tenant performance, and value enhancement within a dense, high-income suburban Detroit submarket. Redford Plaza features a diverse and highly productive tenant lineup anchored by Sun Valley Market, Burlington, and Ross Dress for Less, complemented by a strong mix of national, regional, and local daily-needs and service-oriented retailers. The center benefits from consistently high unit-level performance and a tenant mix that drives frequent, repeat customer visits. In addition to stable in-place cash flow, the property offers multiple value-add opportunities, including lease-up potential (14,150 SF), mark-to-market rental rate growth, and future densification (ability to create outparcel), as well as the potential to monetize value through the strategic sale of the STNL AutoZone and Clean Express Car Wash.

Investment highlights

  • Value-Add Opportunities

  • Dominant Retail Center in Trade Area

  • Strong Tenant Performance with Long-Term Stability

  • WALT: 5 Years

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
Brokerage Phone
2484882620
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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