Historical Retail Sale Listing - Arbor Place Center With Cvs Opportunity

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Arbor Place Center With Cvs Opportunity

8010 Middlebelt Road, Westland, MI 48185

N/A

70,078 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
70,078 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
3 years left on lease
Cap Rate:
10.20%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
6.65 AC
Listing ID
15964337
Last Updated
over 1 year ago

Description

Marcus & Millichap is pleased to offer for sale Arbor Place Shopping Center. Arbor Place is located on the corner of Ann Arbor Trail and Middlebelt in Westland, Michigan.

Arbor Place is currently 100 percent occupied with tenants that have a long history of occupancy. Over $300,000 of improvements have been spent recently on the center including partial roof, heating/cooling, and electrical.

This investment offers a unique opportunity for investors looking for upside potential through redevelopment. By combining an adjacent vacant gas station and a portion of the Arbor Place Center, an investor would be able to develop a freestanding building.

This property is located on the corner of Ann Arbor Trail and Middlebelt in Westland, Michigan.

Map of 8010 Middlebelt Road, Westland, MI 48185 (Wayne County)

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Created 10/28/2008