25377-25397 Schoenherr Rd | Warren, MI 48089
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25377-25397 Schoenherr Rd
Warren, MI 48089
Retail Property For Sale
Investment Highlights
- The property is situated on a pad site adjacent to a 155,000 SF Meijer Supercenter at the northwest corner of Ten Mile and Schoenherr Roads in Warren.
- Current leases include rental increases during the primary lease terms, which provides potential upside for the asset.
- Stable asset with long-term leases, featuring a weighted average lease term (WALT) of just over six years across four leases.
- Dunkin’ Donuts and Taco Bell both operate on a pad site adjacent to the Meijer along Ten Mile Road.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
9,304 SF
Building Class
C
Year Built
2020
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.58 AC
Zoning
C-2 - Commercial
Parking
53 Spaces (5.7 Spaces per 1,000 SF Leased)
Frontage
180’ on Schoenherr Rd
Property Taxes
| Parcel Number | 12-13-23-476-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $967,720 |
Property Taxes
Parcel Number
12-13-23-476-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$967,720
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