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30221 Cherry Hill Rd
Inkster, MI 48141
Inkster Shopping Center · Retail Property For Sale


Investment Highlights
- Replacement Cost Arbitrage / Below-Market Basis
- Diversified, Neighborhood-Serving Tenant Mix
- Embedded Value-Add Through Lease-Up and Rent Growth
- Strong Neighborhood Density & Corner Visibility
Executive Summary
Inkster Shopping Center is being offered at a basis materially below current replacement cost. This creates a compelling opportunity to acquire a stabilized retail property at a significant discount to replacement cost, providing strong downside protection, durable long-term value, and insulation from new competitive supply. The property offers meaningful value-add upside through the leaseup of existing vacant space, including an outlot, creating nearterm opportunities to enhance income. In addition, the current rent roll is comprised entirely of gross leases at rental rates that are well below prevailing market levels. A new owner can unlock additional value through tenant turnover, lease restructuring, and rent growth, while selectively transitioning expenses to tenants, resulting in increased NOI and long-term asset optimization. The center features a diversified tenant mix anchored by daily-needs and service-oriented uses, providing stable traffic and resilient cash flow. The roster includes a blend of national credit, regional, and local tenants spanning discount retail, grocery, personal services, insurance, food service, and fitness-related uses. This mix drives consistent repeat visitation, reduces reliance on any single tenant or industry, and positions the property as a true neighborhoodserving retail center with durable demand across economic cycles. The property is situated within a dense, established residential trade area characterized by a strong surrounding population base and extensive nearby housing, supporting consistent daily-needs retail demand. The center occupies a highly visible hard-corner location at a signalized intersection, benefiting from excellent exposure and accessibility. With multiple points of ingress and egress, the site offers efficient traffic flow and convenient access from all directions, enhancing customer circulation, tenant visibility, and overall site functionality
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
55,504 SF
Building Class
B
Year Built/Renovated
1960/2025
Price
$4,552,325 CAD
Price Per SF
$82.02 CAD
Cap Rate
8.25%
NOI
$375,567 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.30
Lot Size
4.27 AC
Zoning
B2 - Thoroughfare Mixed-Use District
Parking
203 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
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Matterport 3D Tour
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