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Valentina Plaza 1820-1856 N Perry St 31,828 SF 69% Leased Retail Building Pontiac, MI 48340 $2,993,392 ($94.05/SF) 7.72% Cap Rate
Investment Highlights
- Oakland County Michigan Works! One Stop Service Center anchors the property and accounts for 46% of total rental income | Managed by Goodwill
- Approximately 1.7 miles from two Interstate 75 interchanges with traffic counts of 125,910 vehicles per day
- Surrounded by major corporate headquarters, engineering facilities, manufacturing operations and distribution centers
- Early Childhood Development Center has more than 7.5 years of lease term remaining
- Positioned on the border of Auburn Hills, a sought after, attractive market of the Detroit MSA
- Sixteen hotels are located within a three-mile radius, supporting consistent business travel and corporate demand
Executive Summary
This anchored value-add center is situated on a 4.11-acre site along Perry Street in Pontiac, Michigan. Oakland County Michigan Works! One Stop Service Center accounts for 46% of total rental income and has occupied the property since 2018. The tenant is operated by Goodwill of Greater Detroit and has one, three-year renewal option remaining.
Early Childhood Development Center provides additional stability with more than 7.5 years of lease term remaining, a net-leased structure and two, five-year renewal options. Approximately 10,000 square feet of vacant space offers a meaningful lease-up opportunity and potential upside.
The property is located 1.7 miles from two Interstate 75 interchanges and within an established business and industrial corridor. The surrounding area includes major corporate headquarters, manufacturing facilities, distribution centers and 16 hotels within three miles.
Nearby institutions include Oakland University (15,979 students) and Baker College of Auburn Hills (3,572 students). The area has a daytime population of 116,687, while 151,877 people live within five miles and earn an average household income of $108,141.
Early Childhood Development Center provides additional stability with more than 7.5 years of lease term remaining, a net-leased structure and two, five-year renewal options. Approximately 10,000 square feet of vacant space offers a meaningful lease-up opportunity and potential upside.
The property is located 1.7 miles from two Interstate 75 interchanges and within an established business and industrial corridor. The surrounding area includes major corporate headquarters, manufacturing facilities, distribution centers and 16 hotels within three miles.
Nearby institutions include Oakland University (15,979 students) and Baker College of Auburn Hills (3,572 students). The area has a daytime population of 116,687, while 151,877 people live within five miles and earn an average household income of $108,141.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,828 SF
Building Class
B
Year Built
2009
Price
$2,993,392
Price Per SF
$94.05
Cap Rate
7.72%
NOI
$231,098
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
4.11 AC
Opportunity Zone
Yes
Zoning
BI - Business Commercial
Parking
65 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
A previous NAPA Auto Parts space, with an overhead door. Great for several different types of retail. Located on North Perry Street, just south of Walton Road, Valentina Plaza is conveniently located near the border of Pontiac and Auburn Hills. I-75 is less than 1 mile away, providing easy access from neighboring communities. The property has ample parking, multiple curb cuts off Perry Street, and large pylon signage.
| Space | Size | Space Use | Position | Available |
| 1820 | 2,400-10,000 SF | Retail | End Cap | Now |
1820
| Size |
| 2,400-10,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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1820
| Size | 2,400-10,000 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
A previous NAPA Auto Parts space, with an overhead door. Great for several different types of retail. Located on North Perry Street, just south of Walton Road, Valentina Plaza is conveniently located near the border of Pontiac and Auburn Hills. I-75 is less than 1 mile away, providing easy access from neighboring communities. The property has ample parking, multiple curb cuts off Perry Street, and large pylon signage.
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-15-226-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $835,450 |
Property Taxes
Parcel Number
14-15-226-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$835,450
Contacts
-
Sean Sharko -
Phoebe Klein -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
