Westland Retail Shopping Center
100% Occupied Stabilized Retail Shopping Center | NOI: 210K | 22,000 SF
Marketing description
100% Occupied, Fully Renovated Retail Investment Opportunity. Exceptional multi-tenant neighborhood shopping center strategically located along highly trafficked S. Wayne Rd in the heart of Westland. Offered at $2,950,000 with a 7.09% cap rate and $209,100 NOI, the property is fully leased with long-term leases featuring contractual rent increases and a diversified tenant mix, providing stable, predictable cash flow. Recent capital improvements include a brand-new roof, new HVAC systems, new siding and exterior façade, fully renovated tenant suites, and an upgraded parking lot, resulting in zero deferred maintenance. The asset offers excellent frontage and visibility, monument signage, multiple points of ingress and egress, and is surrounded by dense residential demographics, making it an exceptional, low-management investment opportunity with durable long-term income. Contact Joseph Jazrawy for more details: 586-243-1641.
Investment highlights
- 100% Occupied and Stabilized Asset
- Diversified Rent Roll Comprised of Nine Tenants
- Long-Term Leases with Contractual Rent Increases
- Multiple Renewal Options Enhancing Income Continuity
- Immediate In-Place Cash Flow
- Established Neighborhood Retail Destination
- Strong Historical Occupancy
- High Visibility Along Major Commercial Corridor
- Excellent Accessibility and Traffic Exposure
- Dense Residential Population and Established Consumer Demographics
- Limited Near-Term Lease Rollover Exposure
- Opportunity for Long-Term Passive Income Growth Through Contractual Escalations
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
