Excalibur Square 5720 Highland Rd 9,218 SF 78% Leased Retail Building Waterford, MI 48327 $2,100,000 ($227.82/SF) 5.20% Cap Rate

5720 Highland Road presents the opportunity to acquire a fully occupied neighborhood retail center positioned along Highland Road (M-59), one of Waterford Township's primary commercial corridors. The property consists of a multi-tenant retail asset with six suites and benefits from established tenancy, prominent roadway visibility, and exposure to the area's daily consumer traffic. Existing occupancy and reported below-market rents provide investors with a stabilized income stream while offering the potential for future revenue growth through lease rollover and market rent adjustments.
The center has undergone notable capital improvements, including a refreshed façade, new awnings, and a recapped parking lot, supporting long-term ownership and tenant retention. A pylon sign enhances visibility from Highland Road, helping drive awareness for tenants and reinforcing the property's presence within the corridor. The surrounding trade area includes nationally recognized retailers and restaurants such as Starbucks, McDonald's, Jimmy John's, and Buffalo Wild Wings, contributing to consistent consumer activity and retail demand.
Waterford Township's location within Oakland County provides access to a large regional population base and strong commuter connectivity through M-59 and nearby arterial roadways. The property's position within an established commercial corridor and surrounding residential neighborhoods supports continued tenant demand and customer accessibility. Combining stabilized occupancy, recent property upgrades, retail corridor exposure, and future rental upside, 5720 Highland Road offers investors a well-located retail asset with both current income and long-term value enhancement potential.