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Groesbeck Retail Center 36454-36474 Groesbeck Hwy

5,600 SF 100% Leased Retail Building Clinton Township, MI 48035 $1,000,000 ($179/SF) 6.46% Cap Rate

Retail Buildings Michigan Clinton Township 36454-36474 Groesbeck Hwy, Clinton Township, MI 48035

Investment Highlights

  • 100% Occupied 5,600 SF Multi-Tenant Strip Center
  • Urgent Care has NNN lease through 2029 w/ 5-year renewal option
  • 147' of Frontage on Groesbeck Hwy
  • Tenants include Urgent Care, Smoke Shop, Pizza Restaurant, and Hairdresser
  • New parking lot, new roof, and LED lighting
  • 30,000 vehicles per day and strong demographics in area

Executive Summary

Discover the possibilities with this impressive four-unit retail complex, now available for sale. Located in close proximity to major big box retailers in Clinton Township, this prime property offers great potential for investors knowledgeable of the area’s amenities and activity. Current tenants include an Urgent Care, Carlo's Pizza, Headmasters Hair Shoppe and Smokers Shop Inc.

Attachments

36454 - 36474 Groesbeck, Clinton Twp_SALE2

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,600 SF
Building Class
C
Year Built/Renovated
1965/2022
Price
$1,000,000
Price Per SF
$179
Cap Rate
6.46%
NOI
$64,635
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.57 AC
Zoning
B3 - General Business
Parking
25 Spaces (4.46 Spaces per 1,000 SF Leased)
Frontage
147 FT on Groesbeck Hwy

Amenities

  • Pylon Sign
  • Signage
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

Links

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Nearby Major Retailers

Chase Bank
Fifth Third Bank
Comerica
Flagstar
Five Guys
Starbucks

PROPERTY TAXES

Parcel Number 16-11-28-276-021 Improvements Assessment $0
Land Assessment $0 Total Assessment $223,000

PROPERTY TAXES

Parcel Number
16-11-28-276-021
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$223,000
(248) 801-9499

Contact

  • Listing ID: 33170684

  • Date on Market: 9/13/2024

  • Last Updated:

  • Address: 36454-36474 Groesbeck Hwy, Clinton Township, MI 48035

More public record information on 36454-36474 Groesbeck Hwy, Clinton Township, MI 48035

The Retail Property at 36454-36474 Groesbeck Hwy, Clinton Township, MI 48035 is currently available for sale. Contact P.A. Commercial, LLC for more information.

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Groesbeck Retail Center | 36454-36474 Groesbeck Hwy
(248) 801-9499 x

Groesbeck Retail Center | 36454-36474 Groesbeck Hwy

Noor Kalasho

(248) 801-9499

(248) 801-9499

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