Harper Avenue Retail Center

Highlights:

• Newly Constructed Retail Center with New Long-Term 10-Year NNN Leases
• Lease Up of Middle Suite at $35/sf + NNN Provides for a $66K Boost to NOI
• Drive-Thru Equipped Endcap Suite Ranks as #6 Savvy Sliders in the USA According to Placer.AI
• Fixed 10% Rental Increases Every 5-Years
• Densely Populated Area With Visibility and Frontage Along Harper Ave Which Has Traffic Counts of Over 20,000 Vehicles Per Day
• Situated Along a Busy Retail Corridor and Surrounded by National Retailers Including Burger King, Kroger, McDonald's, Meijer, Starbucks, Taco Bell and The Home Depot
• Average Household Income Within a 1-Mile Radius Exceeds $87,000

Description:

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St. Clair Shores, Michigan is a picturesque city located in Macomb County on the shore of Lake St. Clair. Located in southeast Michigan as an inner-ring suburb of Detroit, St. Clair Shores is located roughly 14 miles northeast of downtown Detroit, 60 miles northeast of Toledo, Ohio, and 45 miles south of Flint. As of the 2020 census, the city had a population of 58,874.

This lively community offers a variety of attractions and activities for all ages to enjoy. Visitors can explore historic landmarks, take part in annual festivals, or spend an afternoon at the beach. The lakeside area is also home to numerous parks, offering plenty of opportunities for outdoor recreation such as fishing and boating. St. Clair Shores is a great place to visit for those seeking a unique mix of culture and relaxation. There is also a very large metro area set in the plains and rivers of the Great Lakes region. The primary industries include automotive and manufacturing.

The Nautical Mile, a mile-long, lakefront strip of Jefferson Avenue between Nine Mile and 10 Mile roads, features a nautical-themed streetscape, retail establishments, restaurants, boat dealers, and both private and civic marinas. This business district is dominated by the tallest structure in St. Clair Shores, the 28-story Shore Club Sky Tower, colloquially known as "9 Mile Tower", and located at the foot of Nine Mile Road and Jefferson Avenue on the lakefront. The residential tower has become a prominent nautical landmark, and its rooftop beacon can be seen for many miles.

Macomb County is a county on the eastern shore of Michigan. It is part of the Detroit metropolitan area, bordering Detroit to the north and containing many of its northern suburbs. Its seat of government is Mt. Clemens, and its largest community is Warren. As of the 2020 census, the county had a population of 881,217, making it the third-most populous county in the state, behind neighboring Wayne and Oakland. Macomb County contains 27 cities, townships and villages, including three of the ten most-populous municipalities in Michigan. Most of this population is concentrated south of Hall Road (M-59), one of the county's main thoroughfares.

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