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Class A Dual Drive Through Multi Tenant Retai 36717-36765 Van Dyke Ave 8,650 SF 79% Leased Retail Building Sterling Heights, MI 48312 $10,648,092 CAD ($1,230.99 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Leases are NNN in Nature - All Expenses Including the Management Fee are Passed Through to the Tenants
- Newly Signed Lease with Marathon Health
- Dual Drive Through Class A Retail Centers 2016/2017 Construction | Each End Cap on both Buildings include a Drive-Through
- Tropical Smoothie and Tim Hortons Recently Exercised Their First Option - Showing Commitment to Location
- Located Directly Across the Street from a 200k SF Meijer Drawing From a 10+ Mile Radius, Seeing Over 1.8M Customers Per Year
- Phenomenal Location on Heavily Traveled Van Dyke Road, Which See's in Excess of 66,000 Vehicles Per Day - One of Metro Detroit's Busiest Thoroughfares
Executive Summary
Leases are NNN in Nature - All Expenses Including the Management Fee are Passed Through to the Tenants
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,650 SF
Building Class
C
Year Built
2017
Price
$10,648,092 CAD
Price Per SF
$1,230.99 CAD
Cap Rate
7.25%
NOI
$771,685 CAD
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
5.60 AC
Zoning
C-2 - Retail/Medical
Parking
45 Spaces (2.98 Spaces per 1,000 SF Leased)
Frontage
205’ on Van Dyke Ave
Amenities
- Bus Line
- Signage
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Nouveaux centres de vente jumelés directement en face de Meijer's. Le projet fait partie d'un nouveau développement à usage mixte de 30 M$ avec New Retail/and 2-Hotels
| Space | Size | Space Use | Position | Available |
| Space 1 | 1,850 SF | Retail | In-Line | Now |
Space 1
| Size |
| 1,850 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Space 1
| Size | 1,850 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Nouveaux centres de vente jumelés directement en face de Meijer's. Le projet fait partie d'un nouveau développement à usage mixte de 30 M$ avec New Retail/and 2-Hotels
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-10-28-230-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,086,515 CAD |
Property Taxes
Parcel Number
10-10-28-230-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,086,515 CAD
Contacts
-
Deno Bistolarides -
Ryan Vinco -
Brandon Kassab -
Aliyah Rouls -
Encore Real Estate Investment Services
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Class A Dual Drive Through Multi Tenant Retai | 36717-36765 Van Dyke Ave
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