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MT CLEMENS SHOPPING CENTER 209 Northbound Gratiot Ave 5,488 SF Retail Building Mount Clemens, MI 48043 $752,400 CAD ($137.10 CAD/SF) 8.80% Cap Rate
Executive Summary
Fantastic opportunity to acquire a strong investment property in one of the highest-traffic corridors in the state. Metro by T-Mobile is a national tenant with more than 15 years of continuous operation at this location, demonstrating long-term stability. EZ Go Golf Carts also has a well-established presence and remains a reliable tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,488 SF
Building Class
C
Year Built
1986
Price
$752,400 CAD
Price Per SF
$137.10 CAD
Cap Rate
8.80%
NOI
$66,211 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.56 AC
Zoning
STRIP CENT - General Commercial Zoning
Frontage
Amenities
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-11-11-477-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $362,870 CAD |
Property Taxes
Parcel Number
05-11-11-477-021
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$362,870 CAD
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MT CLEMENS SHOPPING CENTER | 209 Northbound Gratiot Ave
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