25373 Schoenherr RdWarren, MI 48089

This exceptional investment opportunity presents a 9,304 square foot multi-tenant shopping center in Warren, Michigan. Located at 25373 Schoenherr Rd, this 1.58-acre property boasts a prime location adjacent to a high-performing Meijer Supercenter, driving significant foot traffic. The center features a strong tenant mix with a weighted average lease term exceeding six years, providing stable income and future growth potential. Current leases include built-in rental increases, offering further upside. The property's NOI is $212,162.45, with a pro-forma NOI of $242,204.04, and a 7.02% cap rate. The Net Rentable area is 1,326 square feet, with a price per square foot of $370.80. The property offers 77 parking spaces. Key tenants benefit from the high traffic generated by the adjacent Meijer, consistently ranking in the top 77% nationwide, attracting over 2.1 million customers in 2023 (Placer.ai data). Other strong performers include Great Clips, ranking in the top 75% nationally and top 80% in Michigan (Placer.ai data). The strategic location benefits from a dense residential population and proximity to major roadways and employment centers, ensuring long-term viability and strong returns. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant upside potential.