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32373 Van Dyke Ave
Warren, MI 48093
Warren Value-Add Opportunity - Warren, MI · Retail Property For Sale
Investment Highlights
- The property is currently 61.13% occupied, presenting a clear opportunity to enhance cash flow and achieve a pro-forma cap rate of 9.69%.
- Consumer Cellular recently executed a fiveyear lease and invested over $300,000 into its buildout, demonstrating tenant commitment.
- Triple Net (NNN) Leases are in place for the existing tenants, providing stable and predictable income.
- Positioned as an out-parcel to Menards, the site offers prominent frontage along a signalized intersection within a prime trade hub anchored.
- The property benefits from excellent visibility in a densely populated area, with 109,167 residents within a three-mile radius.
- The 1.12-acre parcel is larger than most comparable pad sites, offering enhanced flexibility and long-term value.
Property Facts
Property Type
Retail
Property Subtype
Building Size
8,459 SF
Building Class
B
Year Built
2017
Percent Leased
61%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.12 AC
Zoning
M-1, Light Industrial - Light Industrial
Parking
73 Spaces (8.63 Spaces per 1,000 SF Leased)
Frontage
112’ on Van Dyke Ave
Amenities
- Monument Signage
Property Taxes
| Parcel Number | 12-13-04-226-026 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $768,880 |
Property Taxes
Parcel Number
12-13-04-226-026
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$768,880
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