Listed by NAI Farbman Southfield, NAI Farbman
$3,500,000
Allen Park Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 26,335
Units 3
Cap Rate 8.20%
Occupancy 100%
Tenancy Multi
Brand/Tenant Subway, Ace Hardware
Lease Type NNN
Class C
Year Built 1962
Zoning C-5
Investment Type Stabilized
Ground Lease No
Sale Condition N/A
FOR SALE: Stabilized - High Traffic - 26K SF Retail Strip
Marketing description
- 100% Occupied by National and Regional Tenants
- Well-Maintained Retail Center
- High Visibility
- Recent Capital Improvements
- Flexible Suite Sizes
Investment highlights
Allen Park Plaza, located at 15801-15861 Southfield Road, Allen Park, MI, is a strategically positioned retail property offering 26,335 SF of gross leasable area. Built in 1962, the asset is fully occupied, providing a stable tenant base and predictable income. Tenants include Great Lakes ACE, SVS Vision Inc., and Subway, reflecting a diverse mix of retail operations that serve the local community.
The property presents a compelling investment opportunity, benefiting from its high occupancy and established tenant roster. Its location along a well-trafficked corridor, combined with potential for rental growth and leasing optimization, enhances its long-term appeal for investors seeking a stable retail asset.
Listing Contacts
Listed by NAI Farbman Southfield, NAI Farbman
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