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Aspen Dental 20861 E 13 Mile Rd 3,500 SF Retail Building Roseville, MI 48066 $2,352,000 ($672/SF) 6.25% Cap Rate
Investment Highlights
- 5+ Years Remaining | Scheduled Rental Increases | Corporate Guarantee | Well-Known Tenant
- Dense Retail Corridor | Surrounding Shopping Centers | Strong National/Credit Co-Tenancy | Out Parcel to Kroger
- Strong Suburban Demographics | 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Landlord Responsibilities
- Signalized, Hard-Corner Visibility | Excellent Access | Strong VPD Counts
- Detroit MSA | 14th Largest in the U.S. | Diverse Economy
Executive Summary
Out Parcel to Kroger; near Meijer, Macomb Mall (Kohl’s, Hobby Lobby, Dick’s, Old Navy, Five Below, Michaels), Target, ALDI, Ross, Planet Fitness, and more—driving consistent daily traffic and cross-shopping. Prominent exposure on E. Thirteen Mile Rd (25,300 VPD) at a signalized intersection. Nearby corridors include Little Mack Ave (19,100 VPD) and I-94 (148,900 VPD).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,500 SF
Building Class
C
Year Built
2020
Price
$2,352,000
Price Per SF
$672
Cap Rate
6.25%
NOI
$147,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.53 AC
Zoning
B-2 - Community Business
Parking
34 Spaces (9.71 Spaces per 1,000 SF Leased)
Frontage
106’ on 13 Mile Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aspen Dental
- Retailer
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aspen Dental | Retailer | 99,999 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-14-03-354-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $339,200 |
Property Taxes
Parcel Number
08-14-03-354-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$339,200
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Aspen Dental | 20861 E 13 Mile Rd
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