The Vitamin Shoppe
$1,598,000
21901 Eureka Rd, Taylor, MI 48180
6.81
Cap Rate
108,900
NOI
Details:
Highlights:
- 2,775 SF Modern Brick Building Constructed in 2015
- Tenant Recently Exercised an Early 5-Year Renewal Thru 2032
- Double Net Lease (NN) - Minimal Landlord Responsibilities
- Two Five-Year Options Featuring Rental Increases
- High Visibility and Accessibility: Located at The Signalized Intersection of Eureka Road (46,000 Vehicles/Day) and Rancho Boulevard
- Prime Location Less Than 1 Mile from Major National Retailers Including Menards, Target, Home Depot, Best Buy, Dick's Sporting Goods, Kohl's, Hobby Lobby, PetSmart Amongst Others
- Located Across From The 920,000 SF Southland Mall | New Main Event Entertainment Venue (Owned By Dave & Buster's) Under Development Within Walking Distance
- Average Household Income in a 5-Mile Radius Exceeds $83,000 Dollars
- Over 195,000 People Within 5-Miles of Subject Property
Description:
Introducing a prime investment opportunity at 21901 Eureka Rd, Taylor, MI, 48180. This contemporary 2,775 SF building, constructed in 2015, offers an enticing prospect for savvy retail and free-standing building investors. With its superb location in the thriving Taylor area and a 100% occupancy rate, this property promises an immediate and secure return on investment. Don't miss out on the chance to add this well-maintained, high-performing asset to your portfolio.
Taylor is a city located in Wayne County, Michigan, United States. It is situated in the southeastern part of the state, approximately 18 miles southwest of downtown Detroit. Geographically, Taylor covers an area of about 23 square miles, encompassing a mix of residential, commercial, and industrial areas. The city is known for its suburban atmosphere, offering a balance between urban amenities and a quieter community feel. It is bordered by several other cities, including Dearborn Heights to the north, Allen Park to the east, Southgate to the southeast, and Romulus to the southwest.
Residential neighborhoods in Taylor consist of a variety of housing options, including single-family homes, townhouses, and apartment complexes. The city features tree-lined streets and well-maintained properties, creating a pleasant and welcoming environment for residents.
Taylor has a vibrant commercial sector with numerous shopping centers, restaurants, and entertainment venues. The city is home to Southland Center, a large shopping mall that offers a wide range of retail stores and dining options. Additionally, there are several other smaller shopping plazas and independent businesses spread throughout the city. In terms of recreational opportunities, Taylor has several parks and green spaces where residents can enjoy outdoor activities. Heritage Park is one of the largest parks in the area, featuring walking trails, picnic areas, sports fields, and a splash pad for children. There are also community centers and sports complexes that provide facilities for various sports and recreational programs.
The city has a diverse population and a strong sense of community. Taylor is served by its own public school district, which includes elementary, middle, and high schools. The city also has several private schools and preschools available.
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