25377-25397 Schoenherr RdWarren, MI 48089

For Sale
$3,450,000

Warren, MI Shopping Center - Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 9,304 square foot shopping center, located at 25377-25397 Schoenherr Road in Warren, Michigan, presents a compelling investment opportunity. Situated on a 1.58-acre pad site, this property enjoys a highly desirable location adjacent to a thriving 155,000 square foot Meijer Supercenter, a top performer in the national rankings (top 77% nationwide, over 2.1 million customer visits in 2023 according to Placer.ai data). The center benefits from a stable tenant roster with long-term leases, boasting a weighted average lease term (WALT) exceeding six years across four tenants. Built-in rental increases within the primary lease terms offer significant upside potential. Anchor tenants include a Great Clips, which also performs exceptionally well (top 75% nationwide and top 80% in Michigan over the past year, according to Placer.ai data). The property's strategic location benefits from the high traffic generated by the adjacent Meijer, as well as the proximity of other national brands like Dunkin' Donuts and Taco Bell on a nearby pad site. The surrounding area is characterized by a dense residential population and a strong workforce, further enhancing the property's appeal. This well-positioned shopping center offers a rare opportunity to acquire a stable, high-performing asset in a robust market. The property's strong tenant mix, favorable lease terms, and prime location make it an ideal investment for discerning buyers seeking consistent cash flow and long-term growth. The asking price is $3,450,000.

Highlights

  • $3,450,000 asking price for this 9,304 SF retail shopping center.
  • Located on a 1.58-acre pad site adjacent to a 155,000 SF Meijer Supercenter in Warren, MI.
  • Features four long-term leases with a weighted average lease term (WALT) exceeding six years and built-in rent increases.
  • High-performing tenants, including a Great Clips location ranking in the top 75% nationally and top 80% in Michigan based on Placer.ai data.
  • Strong location with high traffic counts, benefiting from proximity to a top-performing Meijer and other national tenants like Dunkin' and Taco Bell.
  • Situated in a densely populated area with a robust workforce and numerous industrial and office buildings nearby.

Property Details for 25377-25397 Schoenherr Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,304 SF
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.48149308
Longitude
-82.98750099
25377-25397 Schoenherr Rd, Warren, Michigan

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25377-25397 Schoenherr Rd
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