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30598-30860 Southfield Rd
Southfield, MI 48076
Country Corners Center · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Diverse mix of national and regional tenants, fostering strong retail synergy.
- . Southfield is strategically positioned along several major freeways, including (M -10), (M -39), I -696, and (M-24).
- Strategically positioned at the high -traffic intersection of Thirteen Mile and Southfield Roads, this location benefits from exceptional visibility.
EXECUTIVE SUMMARY
Country Corner Shopping Center is home to a diverse mix of national and regional tenants, fostering strong retail synergy. The center benefits from adjacency to CVS, while major anchors include O'Reilly Auto Parts and Harbor Freight Tools. Additional tenants such as Little Caesars, Fyzical Therapy Center, New York Bagel and Mezza Mediterranean Grille serve the everyday needs of local consumers.
Strategically positioned at the high traffic intersection of Thirteen Mile and Southfield Roads, this location benefits from exceptional visibility and accessibility. It is situated less than two miles from Corewell Health Hospital's Royal Oak Campus and just minutes south of the prestigious Downtown Birmingham shopping district. The immediate trade area is bustling with a strong lineup of national retailers, including Target, The Home Depot, Burlington, T.J. Maxx, Ace Hardware, and Planet Fitness, contributing to consistent consumer draw and market stability.
The City of Southfield is a prominent suburban city located in the Oakland County, within the Detroit metropolitan area. Southfield is strategically positioned along several major freeways, including the Lodge Freeway (M -10), Southfield Freeway (M -39), I -696, and Telegraph Road (M -24), offering direct access to the City of Detroit, surrounding suburbs, and regional commercial corridors. Southfield offers one of the largest concentrations of office space outside of Downtown Detroit. With just over 27 million square feet of office space, Southfield ranks second in the state, following only Detroit’s Central Business District.
In addition to long -term leases with established national tenants such as O’Reilly Auto Parts and Harbor Freight Tools, the center maintains a strong history of tenant retention, with several occupants having remained in place for multiple lease terms. Recently, the tenant mix has been enhanced with the addition of prominent users including New York Bagel and Fyzical Therapy Center.
The asset presents a value -add opportunity through future rent escalations and lease renewals. Current lease rates are positioned at or below market levels, offering potential for increased income and long -term growth.
The adjacent CVS parcel shares in the costs of maintaining, repairing, and replacing certain common areas, as outlined in a Reciprocal Easement Agreement.
Strategically positioned at the high traffic intersection of Thirteen Mile and Southfield Roads, this location benefits from exceptional visibility and accessibility. It is situated less than two miles from Corewell Health Hospital's Royal Oak Campus and just minutes south of the prestigious Downtown Birmingham shopping district. The immediate trade area is bustling with a strong lineup of national retailers, including Target, The Home Depot, Burlington, T.J. Maxx, Ace Hardware, and Planet Fitness, contributing to consistent consumer draw and market stability.
The City of Southfield is a prominent suburban city located in the Oakland County, within the Detroit metropolitan area. Southfield is strategically positioned along several major freeways, including the Lodge Freeway (M -10), Southfield Freeway (M -39), I -696, and Telegraph Road (M -24), offering direct access to the City of Detroit, surrounding suburbs, and regional commercial corridors. Southfield offers one of the largest concentrations of office space outside of Downtown Detroit. With just over 27 million square feet of office space, Southfield ranks second in the state, following only Detroit’s Central Business District.
In addition to long -term leases with established national tenants such as O’Reilly Auto Parts and Harbor Freight Tools, the center maintains a strong history of tenant retention, with several occupants having remained in place for multiple lease terms. Recently, the tenant mix has been enhanced with the addition of prominent users including New York Bagel and Fyzical Therapy Center.
The asset presents a value -add opportunity through future rent escalations and lease renewals. Current lease rates are positioned at or below market levels, offering potential for increased income and long -term growth.
The adjacent CVS parcel shares in the costs of maintaining, repairing, and replacing certain common areas, as outlined in a Reciprocal Easement Agreement.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
53,500 SF
Building Class
B
Year Built
1987
Price
$10,200,000
Price Per SF
$190.65
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
5.40 AC
Zoning
NS - Neighborhood Shopping
Parking
220 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
505’ on Southfield Rd
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 24-12-101-006 | Improvements Assessment | $698,940 |
| Land Assessment | $389,050 | Total Assessment | $1,087,990 |
PROPERTY TAXES
Parcel Number
24-12-101-006
Land Assessment
$389,050
Improvements Assessment
$698,940
Total Assessment
$1,087,990
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