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Oakland Plaza 260-396 John R Rd

166,731 SF 100% Leased Retail Building Troy, MI 48083 For Sale

Investment Highlights

  • STABLE INCOME STREAM Oakland Plaza is 97.1% leased to a reliable rent roll of national anchor tenants combined with a dynamic roster of specialty shop
  • INSTITUTIONAL QUALITY ASSET The subject offering presents the opportunity to acquire a well-maintained shopping center with recently completed capital
  • RECENT LEASING ACTIVITY AND STRONG TENANT RETENTION Oakland Plaza has experienced strong leasing velocity in the past two years with merchandising upg
  • HIGHLY TRAFFICKED CENTER WITH 1.7M ANNUAL VISITS Oakland Plaza is located at the intersection of 14 Mile Road and John R Road and across from Oakland

Executive Summary

Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Michigan, Inc., has been exclusively retained on behalf of the owner to sell the 100% fee simple interest in Oakland Plaza in Troy, Michigan. Oakland Plaza is a 97% leased community shopping center well positioned in the affluent northern suburbs of Detroit.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
166,731 SF
Building Class
B
Year Built
1986
NOI
$2,349,155
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Land Acres
15.19 AC
Zoning
B-2 - General Business
Parking
827 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
64 FT on John R Rd

Amenities

  • Pylon Sign

Nearby Major Retailers

Kerby's Koney Island
Planet Fitness
Checkers
Chase Bank
Bank of America
Starbucks
Chili's
Bob Evans Restaurants
Huntington National Bank
Red Robin Gourmet Burgers And Brews

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-36-351-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,211,360
  • Listing ID: 32094847

  • Date on Market: 6/11/2024

  • Last Updated:

  • Address: 260-396 John R Rd, Troy, MI 48083

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