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Romeo Village Shopping Center

$4,766,725

66030 Van Dyke Avenue, Washington, MI 48095

Active
Last Updated: 08/19/2025

8

Cap Rate

381,338

NOI

Details:
Cap Rate:    8%
NOI:    $381,338
Building Size:    71,159 sqft
Lot Area:    8.37 acres
Occupancy:    97.89%
Tenancy:    Multiple
Highlights:
  • Strong Regional Anchors with National Credit
  • Proven Long-Term Occupancy and Operating History
  • Recent Capital Improvements
  • Below Market Rents with Value-Add Upside
  • Affluent Demographics and Strategic Location
Description:

Landmark Investment Sales is pleased to exclusively offer for sale Romeo Village Shopping Center, a 97.9% occupied neighborhood center along Van Dyke Road (16,910 VPD) in Washington Township, Michigan. Anchored by Family Farm & Home, Dollar General, and a brand-new Salvation Army, the property features strong tenant performance, recent capital improvements including a new parking lot in August 2025, and over 20% of GLA at below-market rents. Adjacent to multiple new retail developments, the center offers excellent visibility, affluent demographics, and stable in-place income in a growing suburban Detroit trade area.

Map:
Documents:
Title
032i_Romeo_Village-Washington__MI-OM.pdf
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Location
Gallery