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15133 Hall Rd 7,050 SF Retail Building Utica, MI 48315 $6,784,150 ($962.29/SF) 6% Cap Rate
Investment Highlights
- Brand New Construction / Zero Near-Term Capital Exposure
- High-Profile, Credit Tenancy with New 10-Year Lease
- Generational “Main & Main” Location – Premier Hall Road Frontage
- Exceptional Demographics Supporting Long-Term Retail Performance
Executive Summary
Landmark Investment Sales is pleased to offer for sale a newly redeveloped, institutional-quality strip center, fully reconstructed from a former standalone restaurant, located at a generational “Main & Main” position along Hall Road (85,000 VPD), Southeast Michigan’s premier retail corridor. The property is a direct outlot to a high-volume Meijer and adjacent to Michigan’s highest-performing Costco (per Placer.ai), surrounded by a dense lineup of best-in-class national retailers. The center is fully leased to CAVA Group (NYSE: CAVA) and Navy Federal Credit Union under brand-new 10-year leases commencing Summer 2026 with scheduled 10% rental increases in Year 5. Supported by strong, affluent demographics, the property offers long-term durability, minimal capital exposure, and sustained tenant demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,050 SF
Building Class
C
Year Built
2006
Price
$6,784,150
Price Per SF
$962.29
Cap Rate
6%
NOI
$407,049
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.63 AC
Zoning
C-3
Parking
110 Spaces (15.6 Spaces per 1,000 SF Leased)
Frontage
140’ on Hall Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-07-36-400-062 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $877,100 |
Property Taxes
Parcel Number
23-07-36-400-062
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$877,100
Contacts
-
Max Lippitt -
Dan Kukes -
Louis Ciotti -
Jason Greenspan -
Eli Neuman -
Jack Melton -
Landmark Commercial RE Services
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15133 Hall Rd
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