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Shopping Strip

New First Watch & Aspen Dental Strip Center

20310 West Rd, Woodhaven (Detroit MSA), MI 48183

Listing Price: $9,286,000

Cap Rate
7.10%
Gross SF
17,343
Rentable SF
17,343
Price/Gross SF
$535.43
Lot Size
0.40 acres
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to present Woodhaven Marketplace in Woodhaven (Detroit), MI.

Investment Highlights

  • 100% Occupied by Seven Tenants Across Three Buildings
  • Anchored by First Watch, Aspen Dental, Citizens Bank, and SVS Vision with Corporate Leases
  • All Tenants Operate Under 7-10 Year Leases with Rental Increases
  • High-Performing Citizens Bank Branch with Deposits Exceeding $157 Million
  • Brand New High-Quality Construction with Two Drive-Thru Windows
  • Serving Over 335,000 Residents in Dense Regional Trade Area
  • Affluent South Detroit Suburb, Average Household Income Exceeds $98,000 within 1, 3, and 5 Miles
  • Outparcel to High-Performing Meijer and Adjacent to Walmart, Target, Home Depot, Lowe's, Kohl's, and LA Fitness Anchored Centers

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Shopping Strip

New First Watch & Aspen Dental Strip Center

Listing Price: $9,286,000

Cap Rate
7.10%
Gross SF
17,343
Rentable SF
17,343
Price/Gross SF
$535.43
Lot Size
0.40 acres
Year Built
2021

Investment Highlights

  • 100% Occupied by Seven Tenants Across Three Buildings
  • Anchored by First Watch, Aspen Dental, Citizens Bank, and SVS Vision with Corporate Leases
  • All Tenants Operate Under 7-10 Year Leases with Rental Increases
  • High-Performing Citizens Bank Branch with Deposits Exceeding $157 Million
  • Brand New High-Quality Construction with Two Drive-Thru Windows
  • Serving Over 335,000 Residents in Dense Regional Trade Area
  • Affluent South Detroit Suburb, Average Household Income Exceeds $98,000 within 1, 3, and 5 Miles
  • Outparcel to High-Performing Meijer and Adjacent to Walmart, Target, Home Depot, Lowe's, Kohl's, and LA Fitness Anchored Centers

Investment Overview

Marcus & Millichap is pleased to present Woodhaven Marketplace in Woodhaven (Detroit), MI.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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