6630-6634 Summerfield Rd
Temperance, MI 48182
Summerfield Shops · Commerce de détail Propriété À vendre

Summerfield Shops is a 100% occupied, two-tenant neighborhood strip center located on Summerfield Road in Temperance, Michigan, within the greater Toledo MSA. The 8,000 SF property sits on approximately 1.3 acres and is offered fee simple and free and clear at an attractive 8.25% cap rate and $85 PSF. Constructed in 2003, the center features durable physical attributes including a stone façade, individually metered utilities, ground-mounted HVAC systems positioned at the rear of the building, ample surface parking with 58 spaces, and two points of full-access, two-way ingress and egress that provide strong visibility and convenient access for neighborhood-serving uses.
The rent roll is anchored by Miracle Salon & Medi Spa, a second-generation, family-owned operator with more than 25 years of operating history in the greater Toledo market, offering a diversified mix of salon, spa, and medical aesthetic services with a deeply established local client base. The second tenant, The Ability Hub, is a mission-driven provider of essential community living support services addressing durable demographic needs tied to healthcare, aging, and disability support. Both tenants are service-oriented, necessity-based users with recurring demand and minimal exposure to e-commerce disruption, resulting in a weighted average lease term of approximately 4.6 years with contractual rent increases in place.
In-place rents average $10.05 PSF on a modified gross lease structure, which remains below prevailing market rents of approximately $11.50 to $14.00 PSF (NNN) for comparable neighborhood retail space along the Lewis Avenue, and Secor Road corridors. This spread provides clear mark-to-market upside over time through natural lease rollover and improved expense recoverability. Located within a stable, predominantly owner-occupied residential trade area supported by solid household incomes, limited new retail construction, and consistent demand for convenience-oriented services, Summerfield Shops offers investors durable in-place cash flow, defensive tenancy, and long-term NOI growth potential without reliance on aggressive underwriting assumptions.
Summerfield Shops benefits from consistent demand for convenience-oriented professional services. With limited new retail construction, sub-4% market vacancy, and durable service-based tenancy, the property offers investors defensive in-place cash flow, embedded rent growth, and long-term NOI expansion potential without reliance on aggressive underwriting assumptions.