Multi Tenant Retail Center

Investment Overview

Discover a prime retail opportunity at this impeccable 5,548 SF property in Sterling Heights, MI. Built in 2020, this modern building features 2 units, offering versatility for retail or street retail investments. With a desirable C-3 zoning, this property presents endless possibilities for businesses seeking a prominent location in a thriving commercial district. Located in the heart of Sterling Heights, this property boasts excellent visibility and accessibility, ensuring maximum exposure for retailers. Don't miss the chance to secure a foothold in this dynamic retail market with this exceptional property.

Investment Highlights

• Built in 2020, this 5,548 SF multi-tenant retail center offers investors a modern, low-maintenance asset with strong curb appeal and minimal near-term capital expenditure requirements.
• The property is fully leased to two established tenants with more than 5 years of remaining lease term, providing dependable cash flow and long-term income security.
• Anchored by Aspen Dental, a nationally recognized healthcare provider with over 1,000 locations nationwide, alongside Charleys Cheesesteaks & Wings, a rapidly growing restaurant brand with more than 850 locations globally.
• Tenants are responsible for taxes, insurance, CAM, HVAC, and parking lot maintenance, significantly reducing landlord responsibilities and operating expense exposure.
• Charleys Cheesesteaks & Wings features a contractual 10% rental increase during the primary lease term, providing future NOI growth and inflation protection.
• Situated along Van Dyke Avenue (M-53), one of Macomb County's busiest commercial corridors, the property benefits from exceptional visibility, strong traffic counts, and direct access to major regional thoroughfares.
• Located within a dominant retail trade area featuring major national retailers including Walmart, Meijer, Home Depot, Dollar General, Taco Bell, Panda Express, Mobil, Huntington Bank, and many others that drive consistent consumer traffic.
• The property serves a dense and affluent trade area with more than 8,650 residents and average household incomes exceeding $82,000 within a one-mile radius.
• The combination of healthcare and quick-service restaurant tenancy provides recession-resistant income streams and reduces reliance on a single retail sector.
• Positioned within one of Metro Detroit's strongest retail markets, benefiting from continued residential growth, established neighborhoods, and sustained consumer demand.