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10600-10636 W 7 Mile Rd
Detroit, MI 48221
Retail Property For Sale
Investment Highlights
- Fully-Occupied Multi-Tenant Retail Center With a Strong Mix of Local Service-Based Tenants
- ATI Physical Therapy Has a Long-Term Commitment to the Site and Has Been at the Center Since 2006
- Situated Along West 7 Mile Road Which Has Daily Traffic Counts Exceeding 20,300 Vehicles
- ATI Physical Therapy Recently Executed a 10-Year Lease Extension with 2% Annual Increases
- Brand New Roof Installed in 2023 with a 20-Year Warranty
- Strategically Positioned Within Close Proximity to Major Freeways
Executive Summary
Fully-Occupied Multi-Tenant Retail Center With a Strong Mix of Local Service-Based Tenants
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,250 SF
Building Class
B
Year Built
2005
Price
$2,108,790 CAD
Price Per SF
$290.87 CAD
Cap Rate
7.80%
NOI
$164,434 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.48 AC
Zoning
B2 - Business
Parking
20 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 16-00870-512 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $415,050 CAD |
Property Taxes
Parcel Number
16-00870-512
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$415,050 CAD
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