This Retail Property is Off-Market.

SWC Hall Road and Hayes Road
Sterling Heights, MI ·

99,155 SF · Retail For Sale

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Eastlake Commons

Price N/A Occupancy 100%
Gross Leasable Area 99,155 SF Tenancy Multiple
Property Type Retail Year Built 1988
Property Sub-type Neighborhood Center Lot Size 10.02 AC
Property Use Type Investment
Listing ID: 104321 Date Created: 06/22/1999 Last Updated: 06/22/2001

Description

Eastlake Commons is a 99,155 sf grocery anchored shopping center. The center consists of two main buildings forming an "L-shaped" configuration, plus the recently completed Hollywood Video building, which is a freestanding structure located at the northeast corner of the site. Eastlake Commons is anchored by Farmer Jack supermarket and Arbor Drug.

Eastlake Commons is located at the southwest corner of Hall Rd. and Hayes Rd. Hall Rd. is a major 8-lane east and west commercial artery in Detroit's northern suburbs. Hayes Rd. is a 4-lane artery servicing the densely populated residential areas to the south as well as the exploding residential area to the north. In total, Hall and Hayes Rd. carry over 94,000 cars past the site each day.

Highlights

  • The adjacent Lakeside Mall provides a regional draw to Eastlake Commons
  • Based on 1998 sales, Eastlake Commons' tenants enjoyed an outstanding health ratio of under 5.4% illustrating the ability to grow rents upon lease exp
  • Institutionally owned and maintained, and has outstanding curb appeal with a distinctive, but timeless design and extensive landscaping
  • Average traffic count of 64,275 cars per day

Research

SWC Hall Road and Hayes Road, Sterling Heights, MI

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