Farmington Crossroads

Highlights:

• Strong Reported Historical Tenant Performance with Long Term Stability
• Established Tenancy with National Credit and Essential Daily Service Focus
• Hard Corner Outlot Value-Add Development Opportunity
• Professional Management & Recent Capital Improvements
• High-Density, High-Income Trade Area with Significant Traffic Counts

Description:

Landmark Investment Sales is pleased to exclusively offer for sale Farmington Crossroads, a 100% occupied neighborhood shopping center located at the signalized intersection of Farmington Road (20,546 VPD) and 9 Mile Road (7,647 VPD) in Farmington, Michigan just off M5 expressway (24,937 VPD). The center is anchored by Ollie’s Bargain Outlet, True Value Hardware and Dollar Tree and features a strong tenancy mix of daily needs service users and very high-sales volume restaurants Rainbow Restaurant ($516 psf), Sushi House ($325 psf) and Peterliln’s ($337 psf). The asset provides opportunity for densification with the ability to add an outlot on the hard corner offering future development potential ideal for freestanding retail or a QSR. This investment represents an attractive significantly below replacement cost stabilized retail asset for investors seeking strong in place income with a value-add upside component and a proven long term tenant mix in a dense high income suburban Detroit Submarket.

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