Log In/Sign Up
Your email has been sent.
South Wayne Center 5703-5727 S Wayne Rd 5,200 SF 100% Leased Retail Building Wayne, MI 48184 $1,120,000 ($215.38/SF) 6.84% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% occupied 3 unit retail center.
- Below market rents if the new owner has plans of increasing rents.
- Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility.
- All 3 tenants have renewed their lease multiple times.
- Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonald’s.
- Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.
EXECUTIVE SUMMARY
100% occupied 3 unit retail center.
10-15+ years of tenancy for all 3 tenants with longterm leases all planning on renewing/staying.
Parking Lot Resealed 2025
Below market rents if new owner has plans of increasing rents.
Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonald’s.
Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.
Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.
10-15+ years of tenancy for all 3 tenants with longterm leases all planning on renewing/staying.
Parking Lot Resealed 2025
Below market rents if new owner has plans of increasing rents.
Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonald’s.
Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility and traffic.
Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$83,605
|
$16.08
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $83,605 |
| Annual Per SF | $16.08 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built
1975
Price
$1,120,000
Price Per SF
$215.38
Cap Rate
6.84%
NOI
$76,654
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.54 AC
Zoning
C - Commercial
Parking
30 Spaces (5.77 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Food Basket
- Retailer
- -
- -
- Full Service
- Jan 2033
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Apr 2027
Hungry Howie’s has been around for 50 years. They have built a brand known for inventing Flavored Crust® pizza and providing customers of all ages a high-quality product at a great value. Their customers are fans of flavor. A menu bursting with flavor and dough made fresh daily in each of our locations makes Hungry Howie’s different from the corporate pizza chains. Their family of independently owned and operated franchises are run by folks who live and work in your community. Adding a Flavored Crust® to your original round, deep dish, thin crust, or gluten-free crust brings flavor to your table at a fair price.
- Steve's Coney & Grill
- Accommodation and Food Services
- -
- -
- Full Service
- Apr 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Food Basket | Retailer | - | - | Full Service | Jan 2033 | |
|
|
Accommodation and Food Services | - | - | Triple Net | Apr 2027 | |
| Steve's Coney & Grill | Accommodation and Food Services | - | - | Full Service | Apr 2027 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 55-019-03-0001-000 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $205,800 (2025) |
PROPERTY TAXES
Parcel Number
55-019-03-0001-000
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$205,800 (2025)
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
South Wayne Center | 5703-5727 S Wayne Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.