24025-24095 Meadowbrook Road, Novi, MI 48375 For Sale

Peachtree Center presents a compelling value-add retail investment opportunity in the heart of Novi at 24025–24095 Meadowbrook Road, Novi, MI 48375. Offered at $5,250,000, this 24,949 SF multi-tenant neighborhood center sits on 2.7 acres and features 172 surface parking spaces in a highly visible location near the signalized intersection of Meadowbrook Road and W. 10 Mile Road. Positioned within a dense retail corridor, the property is surrounded by major national retailers including Walmart, Hobby Lobby, Walgreens, IHOP, Panera, TJ Maxx, and more, creating strong consumer draw and daily traffic. The center benefits from affluent demographics, with average household income exceeding $123,000 within 1 mile, over 69,500 residents within 3 miles, and more than 66,000 daytime employees nearby. With a current NOI of $337,255, Peachtree Center offers stable in-place income from a diverse tenant mix including medical, restaurant, salon, lounge, driving academy, and dance uses, while also providing upside through existing vacancy. This is an excellent opportunity to acquire a well-located retail asset in one of Metro Detroit’s most desirable suburban markets.