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Cava & Navy Federal Credit Union

$6,874,150

15133 Hall Road, Shelby Township, MI 48315

Active
Last Updated: 02/12/2026

6

Cap Rate

412,449

NOI

Details:
Cap Rate:    6%
NOI:    $412,449
Building Size:    7,050 sqft
Lot Area:    1.63 acres
Occupancy:    100%
Year Built:    2006
Tenancy:    Multiple
Year Last Renovated:    2026
Highlights:
  • Generational “Main & Main” Location – Premier Hall Road Frontage
  • High-Profile, Credit Tenancy with New 10-Year Lease
  • Brand New Construction / Zero Near-Term Capital Exposure
  • Exceptional Demographics Supporting Long-Term Retail Performance
Description:

Landmark Investment Sales is pleased to offer for sale a newly redeveloped, institutional-quality strip center, fully reconstructed from a former standalone restaurant, located at a generational “Main & Main” position along Hall Road (85,000 VPD), Southeast Michigan’s premier retail corridor. The property is a direct outlot to a high-volume Meijer and adjacent to Michigan’s highest-performing Costco (per Placer.ai), surrounded by a dense lineup of best-in-class national retailers. The center is fully leased to CAVA Group (NYSE: CAVA) and Navy Federal Credit Union under brand-new 10-year leases commencing Summer 2026 with scheduled 10% rental increases in Year 5. Supported by strong, affluent demographics, the property offers long-term durability, minimal capital exposure, and sustained tenant demand.

Map:
Documents:
Title
108i_CAVA___Navy_Federal_Credit_Union-Shelby_Township__MI-OM.pdf
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