
Listed by Own It Realty
$399,900
16125-16135 W McNichols Road
Details
APN W22I013026S
Property Type Retail
Sub Type Storefront
Square Footage 6,400
Cap Rate 7.96%
NOI $31,832
Occupancy 66%
Tenancy Multi
Lease Type Modified
Remaining Term 3
Year Built 1946
Acreage 0.290
Neighborhood Retail Center | Immediate Cash Flow & Upside
Marketing description
Exceptional Value-Add Retail Investment Opportunity! Prime multi-tenant retail center strategically positioned along the highly traveled W. McNichols corridor, offering approximately 6,400 square feet across six storefronts with an established tenant base and significant upside potential. The property is currently 66% occupied, providing immediate cash flow while two vacant approximately 1,200 SF suites offer a clear path to increasing rental income and overall asset value. Recent capital improvements include new roofs on both buildings within the last five years, reducing near-term capital expenditures and enhancing long-term ownership stability. Tenants reimburse water, sewer, and trash expenses, helping preserve net operating income, while multiple leases extending through 2027 and 2028 provide dependable in-place cash flow. Positioned on a prominent road with outstanding visibility, excellent frontage, rear access, and strong daily traffic counts, the property offers outstanding exposure for retail, office, service, or owner-user occupancy. Whether you're expanding your investment portfolio, completing a 1031 exchange, or seeking a property with immediate income and measurable upside, this asset checks every box. Offered at an attractive basis well below replacement cost, this is an opportunity to acquire a stabilized neighborhood retail center spanning three parcels ( 22013026. , 22013027. & 22013028.001) with value-add potential in one of Detroit's busiest commercial corridors. Schedule your showing today!
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Listed by Own It Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$31,832.00
$2,652.67/mo
Valuation Metrics
0
DSCR
7.96%
Cap Rate
7.96%
ROI
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