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Shopping Neighborhood

Inkster Town Center

27545 Michigan Ave, Inkster, MI 48141

Listing Price: $5,403,735

Cap Rate
9.00%
Gross SF
68,730
Rentable SF
68,730
Price/Gross SF
$78.62
Lot Size
6.93 acres
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to offer for sale Inkster Town Center, a 68,730-square-foot retail center in Inkster, Michigan. The center is anchored by Grifols Biomat Plasma Center, Citi Trends, Dollar General, and O’Reilly Auto Parts. Other occupants include Metro by T-Mobile, Fisherman’s Net, Quality Behavioral Health, VIP Wear, and MJ Beauty Supply. Grifols Biomat Plasma Center, Dollar General, and O’Reilly Auto Parts are operating on triple-net leases, while the remaining tenants have gross leases.

The center was constructed in 1995 and underwent an expansion for the Grifols Biomat Plasma Center in 2018. The addition was completed in early 2019, and included an extensive build-out for the tenant.

Inkster Town Center is situated in a strong retail market with 15.8 million square feet of retail space within five miles and a 93.8 percent occupancy rate. The center is located at the corner of M-12/Michigan Avenue and Inkster Road, with a combined traffic count of 50,820 vehicles per day. The immediate area is mostly industrial and residential. Notable nearby retailers include Home Depot, Kroger, and Dollar Tree.

The property is located two miles from Downtown Dearborn. The City of Dearborn is home to Ford World Headquarters and multiple other Ford facilities. Corewell Health Hospital - Dearborn, a 632-bed, major teaching and research hospital, the University of Michigan-Dearborn, and Henry Ford College are also located in Dearborn. To the west of the property is Corewell Health Hospital - Wayne, a 99-bed full-service hospital and Level III trauma center. The Ford Michigan Assembly Plant, Wayne Stamping Plant, and Michigan Assembly Plant Auto Shop are five miles away. The property is also near the border of Dearborn Heights, a suburban community with a population exceeding 63,000 residents.

The asset benefits from quick access to Interstate 94, which sees over 155,000 vehicles per day. Inkster boasts a dynamic and diverse population with a strong base of young, skilled workers. The proximity to Detroit and other major cities provides access to a broader labor market, enriched by graduates from nearby universities and colleges, who are equipped with a wide range of technical and professional skills. This labor pool is a vital resource for employers in various industries, supporting business growth and innovation. There are 294,827 residents with an average household income of over $75,000 within a five-mile radius of the investment property.

Investment Highlights

  • 88.36% Occupied Retail Center | Anchored by Grifols Biomat Plasma Center, Citi Trends, Dollar General, & O'Reilly Auto Parts
  • 50% of GLA on Triple-Net Leases
  • Grifols Biomat Plasma Addition Completed in 2019
  • Corner Lot at Intersection of M-12 / Michigan Ave & Inkster Rd (Combined VPD: 50,820)
  • 4.3 Miles from Corewell Health Hospital - Wayne (99-Bed Full-Service Hospital | Level III Trauma Center)
  • 6 Miles from Ford World Headquarters & Corewell Health Hospital - Dearborn (632-Bed Major Teaching & Research Hospital)
  • Multiple Ford Plant Facilities Along Michigan Ave Corridor
  • 2 Miles from Downtown Dearborn | 6 Miles from Detroit Metro Airport | 13 Miles from Downtown Detroit

Exclusively Listed By

Shopping Neighborhood

Inkster Town Center

Listing Price: $5,403,735

Cap Rate
9.00%
Gross SF
68,730
Rentable SF
68,730
Price/Gross SF
$78.62
Lot Size
6.93 acres
Year Built
1995

Investment Highlights

  • 88.36% Occupied Retail Center | Anchored by Grifols Biomat Plasma Center, Citi Trends, Dollar General, & O'Reilly Auto Parts
  • 50% of GLA on Triple-Net Leases
  • Grifols Biomat Plasma Addition Completed in 2019
  • Corner Lot at Intersection of M-12 / Michigan Ave & Inkster Rd (Combined VPD: 50,820)
  • 4.3 Miles from Corewell Health Hospital - Wayne (99-Bed Full-Service Hospital | Level III Trauma Center)
  • 6 Miles from Ford World Headquarters & Corewell Health Hospital - Dearborn (632-Bed Major Teaching & Research Hospital)
  • Multiple Ford Plant Facilities Along Michigan Ave Corridor
  • 2 Miles from Downtown Dearborn | 6 Miles from Detroit Metro Airport | 13 Miles from Downtown Detroit

Investment Overview

Marcus & Millichap is pleased to offer for sale Inkster Town Center, a 68,730-square-foot retail center in Inkster, Michigan. The center is anchored by Grifols Biomat Plasma Center, Citi Trends, Dollar General, and O’Reilly Auto Parts. Other occupants include Metro by T-Mobile, Fisherman’s Net, Quality Behavioral Health, VIP Wear, and MJ Beauty Supply. Grifols Biomat Plasma Center, Dollar General, and O’Reilly Auto Parts are operating on triple-net leases, while the remaining tenants have gross leases. The center was constructed in 1995 and underwent an expansion for the Grifols Biomat Plasma Center in 2018. The addition was completed in early 2019, and included an extensive build-out for the tenant. Inkster Town Center is situated in a strong retail market with 15.8 million square feet of retail space within five miles and a 93.8 percent occupancy rate. The center is located at the corner of M-12/Michigan Avenue and Inkster Road, with a combined traffic count of 50,820 vehicles per day. The immediate area is mostly industrial and residential. Notable nearby retailers include Home Depot, Kroger, and Dollar Tree. The property is located two miles from Downtown Dearborn. The City of Dearborn is home to Ford World Headquarters and multiple other Ford facilities. Corewell Health Hospital - Dearborn, a 632-bed, major teaching and research hospital, the University of Michigan-Dearborn, and Henry Ford College are also located in Dearborn. To the west of the property is Corewell Health Hospital - Wayne, a 99-bed full-service hospital and Level III trauma center. The Ford Michigan Assembly Plant, Wayne Stamping Plant, and Michigan Assembly Plant Auto Shop are five miles away. The property is also near the border of Dearborn Heights, a suburban community with a population exceeding 63,000 residents. The asset benefits from quick access to Interstate 94, which sees over 155,000 vehicles per day. Inkster boasts a dynamic and diverse population with a strong base of young, skilled workers. The proximity to Detroit and other major cities provides access to a broader labor market, enriched by graduates from nearby universities and colleges, who are equipped with a wide range of technical and professional skills. This labor pool is a vital resource for employers in various industries, supporting business growth and innovation. There are 294,827 residents with an average household income of over $75,000 within a five-mile radius of the investment property.

Exclusively Listed By

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