Roseville, MI - Vacant Car Wash (26429 Gratiot)

Highlights:

• General Business Zoning | New Construction | Rare Opportunity
• Gratiot Avenue (68,400 VPD) | Interstate 94 (154,600 VPD) | Seller Carry Financing Available
• Eastgate Center (302,000 SF) | Nearby Costco Wholesale |Roseville Towne Center (348,000 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 3,882 square foot, freestanding, 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 along Gratiot Ave, which averages 68,400 vehicles passing by daily and 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 154,600 VPD. The subject property is located just across Gratiot Ave from Eastgate Shopping Center, an 302,000 square foot shopping center that features national/credit tenants including T.J. Maxx, Kroger, and Family Dollar. The asset is located just southwest of a Costco Wholesale, a 125,000 square foot retailer that helps draws consumers into the trade area. In addition, the site is also positioned less than 2 miles southwest of Roseville Towne Center, a 348,000 square foot shopping center anchored by a Walmart Supercenter and Marshalls. Furthermore, the property is in the center of a primary retail corridor with other nearby national/credit tenants including ALDI, Meijer, Big Lots!, Dollar General, Walgreens, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 341,600 with an average household income of $79,161.