Roseville, MI - Vacant Car Wash (32976 Gratiot)

Highlights:

• General Business Zoning | New Construction | Rare Opportunity
• Signalized, Hard Corner Intersection | Interstate 94 (107,400 VPD) | Seller Carry Financing Available
• Macomb Mall (894,000 SF) | Gratiot Plaza (216,000 SF) |Clinton Pointe (248,000 SF) | Primary Retail Corridor
• Strong Demographics in 5-Mile Trade Area

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an 4,391 square foot, freestanding, Vacant Car Wash investment property located in Roseville, Michigan (Detroit MSA). The site is zoned for General Business (B-3), providing for a wide range of commercial uses. The site presents a future investor with excellent upside through lease up in a desirable location. The offering presents the opportunity to acquire a high-grade asset in the Detroit MSA, within a dense, infill trade area with high barriers to entry.

The property is located near the signalized, hard corner intersection of Gratiot Ave and E 14 Mile Rd with a combined 99,300 vehicles passing by daily. Gratiot Ave, is a major retail thoroughfare serving the city of Roseville. Additionally, the asset is located within close range to on/off ramps of Interstate 94, a major east/west travelling highway that averages 107,400 VPD. The site is located just down Gratiot Ave from Macomb Mall, an 894,000 square foot shopping mall that features national/credit tenants including Kohl’s, Dick’s Sporting Goods, Michaels, and At Home. The asset is located just northeast of Gratiot Plaza, a 216,000 square foot Kroger grocery anchored center. In addition, the site is also just southwest of Clinton Pointe, a 248,000 square foot shopping mall anchored by Target and T.J. Maxx. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Sam’s Club, The Home Depot, Lowe’s Home Improvement, Big Lots!, Walgreens, Dollar General, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 255,500 with an average household income of $82,829.