1850 E Twelve Mile Rd
Madison Heights, MI 48071
Retail Property For Sale

Two (2) Single Tenant Net Leased properties for sale Excellent demographics and traffic Freestanding Single Tenant Assets, where the value is truly found in each asset’s location as they are located in established retail corridors of both communities. Proven Tenant(s), with two long term established brands. Recognizable names Sprint and Cirilla’s compliment their positions in the market. Lease(s), NNN lease(s). In regards to Cirilla’s, the Landlord is only responsible for the roof and 4-outerwalls. At Sprint, the Landlord shall only accountable for (a) HVAC replacement and cost shall be split equally between Tenant and Landlord, and (b) replacement of roof shall be Landlord’s sole responsibility. Contact agent for age/condition details. The Market Position(s), Sprint (SWC 12 Mile & Dequindre) is situated at a high profile hard corner and Cirilla’s (NEC 8 Mile & Grand River) is positioned at an intersection that connects five communities Detroit, Redford, Livonia, Southfield and Farmington Hills. Both assets offer hard corner positions with excellent accessibility, traffic counts and visibility. The Density, surrounding communities provide solid blend of long-term family held residences and strong population density. Above average median household incomes complete the picture. High Volume Traffic, each site is positioned at a primary corridor and offer nearby highway access. Over 70,000 vpd pass by 8 Mile & Grand River and over 55,000 vpd cross through 12 Mile & Dequindre. Stable Income Stream, with long-term, long-standing tenants in place and minimum projected improvements necessary, this asset is very stable. Reliable tenants and excellent opportunity to secure prime real estate. Current rental rates are under market! Long term tenancy, Sprint has been located on site for 15 years and Cirilla’s has been this same Landlord’s tenant since 1995! Prefers to sell this asset along with 27620 W. 8 Mile Road, Farmington Hills, Michigan. Both are freestanding corner locations with long term STNL tenants. Farmington Hills is an affluent community in southern Oakland County, it’s home to over 80,000 residents and consistently ranks as one of the safest cities in the United Stated. Farmington Hills is the second largest City in Oakland County and extents over 33 square miles. Three major Interstate Highways surround the city connected via I-75, I-96, I-275 all serving as a primary gateway for travelers and trades Farmington Hills serves as a major business center for the greater Detroit area.