700-736 W Big Beaver Rd
Troy, MI 48084
City Center | Trophy Retail Shoppes · Retail Property For Sale

The Jonna Group of Marcus & Millichap has been selected to exclusively represent the sale of the newly developed City Center Shoppes, an irreplaceable 2018 trophy retail portfolio located in affluent Troy, Michigan. The subject property includes four freestanding ground leases, all absolute net and corporate-backed, with 2 assets on rare bonded 30-year term ground leases. Additionally, there are brand-new construction retail pads as well two new inline retail pads totaling 17,874-square feet and adjacent parking deck retail totaling 12,930-square feet. The asset offering is 100 percent occupied and all tenants are operating on long-term NNN leases. City Center Shoppes consists of 1,840 overall available parking spaces, including the brand-new state-of-the-art 1,468-space parking deck. The subject property is located within the City Center office complex, a 13-story 297,530-square foot mixed-use tower that has undergone extensive renovations and is approximately 95% percent occupied. The asset is strategically situated on the northeast intersection of Big Beaver and Crooks Road, with all frontage to six-lane thoroughfare Big Beaver Road that totals well over 65,000 vehicles traveling per day. The tenant roster consists of a synergistic mix of tenants that include Darden-backed (S&P BBB) restaurants, with flagship concepts Seasons 52 and Yard House, as well as the highly-coveted Shake Shack and Fidelity Bank (S&P A+) Other notable tenants include City BBQ as well as Troy Luxury Cigar, Fine Wine, Beck’s Coffee and Tea, Red Effect (Fitness), Massage Green, among others. This high-image design and lifestyle asset is perfectly positioned within Troy’s city core and located less than a mile away from one of the nations most recognized malls, the distinguished ultra-lavish 1,400,000-square foot Somerset Collection Luxury Mall anchored by Neiman Marcus, Saks Fifth Avenue, Nordstrom and Macy’s as well as over 180 specialty stores including Louis Vuitton, Gucci, Rolex, Chanel, Salvatore Ferragamo, Burberry, Coach, Brooks Brothers, Giorgio Armani, Tiffany & Co., Versace, Apple, Tesla, Microsoft and more. Troy City Center is located near a plethora of class-A office complexes and parks, destination national flag hotels, high-end retail centers and eateries, and fabulous custom subdivisions within one of Southeastern Michigan’s most desirable communities. Within minutes of City Center boasts more than 12 million-square feet of office space and over seven million-square feet of retail. Troy neighbors the city of Rochester Hills and is home to multiple nationally headquartered companies all along the Big Beaver corridor. The dense Big Beaver Road trade zone enjoys a host of national retailers, to include restaurant venues such as Morton’s, Ruth’s Chris Steakhouse, Eddie V’s Prime Seafood, Fogo De Chao, McCormick & Schmick’s, Capital Grille, The Melting Pot, Benihana, Ocean Prime, Kona Grill, Sedona Taphouse, Brio and many more.