1950 12 Mile RdWarren, MI 48092

For Sale
$950,000

Prime Retail Investment: National Tenant, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a single-tenant Sunoco gas station and convenience store located at 1950 E 12 Mile Rd, Warren, MI 48092. The property, situated on a highly visible 0.55-acre corner lot at the intersection of 12 Mile Road and Dequindre Road in Macomb County, boasts a strong location within a busy commercial area. Built in 1959, this retail property features a long-term lease with a national tenant, Sunoco, providing a stable income stream. The current lease commenced June 23, 2015, and expires April 1, 2029, leaving approximately 4.4 years remaining. The property enjoys 100% occupancy and minimal landlord responsibilities, making it an attractive investment for passive income seekers. The Net Operating Income (NOI) is $52,453, resulting in a compelling 5.52% capitalization rate. The asking price for this well-established business is $950,000. This property benefits from excellent visibility and high traffic counts on both sides of the road, making it an ideal retail or vehicle-related investment. The property's strategic location and prominent presence in the market offer significant business potential. The parcel number is 12-13-18-101-001.

Highlights

  • Low landlord responsibilities.
  • Located in Universal Mall.
  • Prime Warren location.
  • 100% occupied.
  • High visibility.
  • Excellent for retail or automotive businesses.

Property Details for 1950 12 Mile Rd

Property type
Other retail properties, Automotive properties
Year Built
1959
Lot Size (sq. ft)
23,958 SF

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.504823351731
Longitude
-83.085472857806
1950 12 Mile Rd, Warren, Michigan

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1950 12 Mile Rd
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