11533-11585 E 12 Mile Rd
Warren, MI 48093
Hoo-12 Shopping Center | Rite Aid Anchored · Retail Property For Sale

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for Hoo-12 Center, a 38,300-square foot Rite Aid Pharmacy-anchored retail center located in Warren, Michigan, the third largest city in Michigan and Metro Detroit’s largest suburb. The center is 100% occupied, historically, and is well positioned on over 4 acres. The center is anchored by a high-performing Rite Aid as well as a mix of national and regional tenants such as Concentra Urgent Care, Edible Arrangements, Great Clips, LA Insurance, among other local tenants such as the Secretary of State of Michigan, which brings a massive influx of traffic daily to the site. Rite Aid Pharmacy includes a drive-thru and operates under a triple-net lease with over eight years remaining and (2) 5 year options. The center is located within the busy corridor, amongst dense residential neighborhoods with over 133,000 households in a five-mile radius. The subject property is strategically positioned on the northwest signalized hard corner and intersection of 12 Mile Road and Hoover Road, that sees combined traffic counts of over 58,000 vehicles traveling per day. The subject property is located in Warren, Michigan, the third largest city in Michigan behind Detroit and Grand Rapids, with a population of over 135,000. The city is home to a wide variety of businesses and corporations, including General Motors Technical Center, Chrysler, St. John Macomb Hospital, Art Van Furniture, the United States Army Detroit Arsenal, home of the United States Army TACOM Life Cycle Management Command and the Tank Automotive Research, Development and Engineering Center (TARDEC), the headquarters of Big Boy Restaurants International and Asset Acceptance. Warren is located in Macomb County, where manufacturing is a leading industry, employing roughly one-third of the workforce. Major manufacturers alone have invested over $2 billion in the county since 1990. Macomb County is their "location of choice“ because they recognize that the business environment, quality infrastructure, and productive workforce make for a smart investment that will pay handsome dividends well into the future. Of Michigan's five largest counties, Macomb experienced the most population growth (6.7%) between 2000 and 2010.