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Sherwin Williams & Aspen Dental - Home Depot Outparcel

$4,329,142

39895 Ford Rd, Canton, MI 48187

Active
Last Updated: 03/26/2025

6.67

Cap Rate

288,888

NOI

Details:
Cap Rate:    6.67%
NOI:    $288,888
Building Size:    7,687 sqft
Lot Area:    1.47 acres
Occupancy:    100%
Year Built:    2020
Floors:    1
Highlights:
  • 100% Leased to National Tenants – Anchored by Sherwin-Williams and Aspen Dental, ensuring long-term stability
  • NNN Leases – Tenants are responsible for taxes, insurance, and maintenance, minimizing landlord responsibilities
  • New 2020 Construction – Modern, high-quality retail asset with strong curb appeal
  • Built-in Rent Increases – Structured escalations offer a hedge against inflation Prime Location
  • Home Depot Outparcel - Positioned directly in front of a high-performing Home Depot, capturing consistent traffic from a nationally recognized anchor
  • Prime Location – Exceptional visibility on Ford Rd (37,900+ VPD) and near I-275 (130,000+ VPD) - Hard Corner Location at a Signalized Intersection
  • High-Traffic Retail Corridor – Surrounded by national retailers, driving strong consumer demand
  • Dense, Growing Population – Over 231,500 residents within a 5-mile radius
  • Affluent Trade Area – Average household income surpassing $86,000+.
  • Robust Daytime Demographics – More than 93,300 employees in the immediate area
  • Within Minutes of Michigan's ONLY Ikea Store - Thriving Retail Corridor
  • Proximity to Major National Brands – Positioned near Home Depot, Walmart, Sam’s Club, ALDI, IKEA, Kroger, Starbucks, McDonald’s, and more
Description:

Discover the prime investment opportunity at 39895 Ford Rd in Canton, MI. This 7,687 SF building boasts 100% occupancy, presenting a turnkey investment in a sought-after retail destination. Perfectly situated in the bustling Canton area, this property offers a lucrative opportunity for retail or strip center investors. With a strong tenant base and a compelling location, this property promises consistent returns and future growth potential. Don't miss out on this chance to own a high-performing asset in a thriving retail market.

Canton Township Michigan is a community of approximately 90,000 people, and is the eleventh largest community in the state of Michigan. It is conveniently located in Wayne County, 8 miles west of Detroit city limits and 8 miles east of Ann Arbor. Not only is Canton one of Michigan's largest townships, it is one of the fastest growing communities in the state and among one of the safest places to live in the United States.

The subject property itself is located at the intersection of two major Canton Township roads with high volume of traffic. Additionally, the property is surrounded by a variety of major, national and regional retailers including three major grocery stores as well as dining options, banks, and more on an attractive commercial strip. The property is located 2 miles away from access to I-275.

Map:
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