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31134527
31134528

30215 Cherry Hill Rd, Inkster, MI 48141

AR
MI 6​5​0​1​4​2​6​9​7​9, MI
AQRE Advisors
JY
MI 6501464032
AQRE Advisors
AQRE Advisors
Listed by AQRE Advisors
Unpriced
82 days on market
Updated 33 days ago
Under Contract

Inkster Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 55,504
Occupancy 96.49%
Tenancy Multi
Brand/Tenant Family Dollar
Lease Type Gross
Rent Bumps Yes
Class B
Year Built 1960
Year Renovated 2025
Buildings 1
Stories 1
Acreage 4.270
Zoning B-2
Parking Spaces 203 spaces
Parking Per SqFt 3.66
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

±55,504 SF Multi-tenant Shopping Center in Inkster, MI

Marketing description

Introducing the INKSTER SHOPPING CENTER located at 30215-30247 CHERRY HILL RD INKSTER, MI 48141. This multi-tenant shopping center offers a prime investment opportunity with a building size of approximately 55,504 SF on a vast land size of about 4.27 AC. Currently boasting a strong occupancy rate of 96.49%, this property guarantees stable and resilient cash flow for potential investors. With attractive features like 203+ surface parking spaces, high traffic counts, and a Gross lease structure, the property generates a Net Operating Income (NOI) of $270,079 and an enticing CAP Rate of 8.25%. Priced at $3,273,688 (at $59/SF), this property stands out as a lucrative investment. Moreover, the Inkster Shopping Center presents excellent value-add opportunities through lease-up potential and rent growth, ensuring a path to enhanced income for savvy investors. Don't miss out on owning a property that combines strategic location, diverse tenant mix, and strong visibility to secure long-term value. Benefit from this neighborhood-serving retail center's robust fundamentals and seize the chance to optimize your asset portfolio today.

Investment highlights

  • Replacement Cost Arbitrage / Below-Market Basis: Inkster Shopping Center is being offered at a basis materially below current replacement cost. This creates a compelling opportunity to acquire a stabilized retail property at a significant discount to replacement cost, providing strong downside protection, durable long-term value, and insulation from new competitive supply.

  • Embedded Value-Add Through Lease-Up and Rent Growth: The property offers meaningful value-add upside through the lease-up of existing vacant space, including an outlot, creating near-term opportunities to enhance income. In addition, the current rent roll is comprised entirely of gross leases at rental rates that are well below prevailing market levels. A new owner can unlock additional value through tenant turnover, lease restructuring, and rent growth, while selectively transitioning expenses to tenants, resulting in increased NOI and long-term asset optimization.

  • Diversified, Neighborhood-Serving Tenant Mix: The center features a diversified tenant mix anchored by daily-needs and service-oriented uses, providing stable traffic and resilient cash flow. The roster includes a blend of national credit, regional, and local tenants spanning discount retail, grocery, personal services, insurance, food service, and fitness-related uses. This mix drives consistent repeat visitation, reduces reliance on any single tenant or industry, and positions the property as a true neighborhood-serving retail center with durable demand across economic cycles.

Listing Contacts

AR
MI 6​5​0​1​4​2​6​9​7​9, MI
AQRE Advisors
JY
MI 6501464032
AQRE Advisors
AQRE Advisors
Listed by AQRE Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$270,079.00
$22,506.58/mo

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Additional Information

Name
Andrew Roye
License
6​5​0​1​4​2​6​9​7​9
Name
John Yousif
License
6501464032
Brokerage
AQRE Advisors
Brokerage Phone
248-776-6001
Title
Associate Advisor
Brokerage Address
6755 Telegraph Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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