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Shoppes on Seven

$1,550,000

10600-10636 W 7 Mile Rd, Detroit, MI 48221

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Last Updated: 06/06/2025

7.8

Cap Rate

120,862

NOI

Details:
Cap Rate:    7.8%
NOI:    $120,862
Building Size:    7,250 sqft
Lot Area:    0.48 acres
Occupancy:    100%
Units:    5
Year Built:    2005
Highlights:
  • Fully-Occupied Multi-Tenant Retail Center With a Strong Mix of Local Service-Based Tenants
  • ATI Physical Therapy Recently Executed a 10-Year Lease Extension with 2% Annual Increases
  • ATI Physical Therapy Has a Long-Term Commitment to the Site and Has Been at the Center Since 2006
  • Brand New Roof Installed in 2023 with a 20-Year Warranty
  • Situated Along West 7 Mile Road Which Has Daily Traffic Counts Exceeding 20,300 Vehicles
  • Strategically Positioned Within Close Proximity to Major Freeways
  • Strong 1, 3, and 5-Mile Demographics | Population Exceeds 186,200 Within a 3-Mile Radius and Population Exceeds 464,700 Within a 5-Mile Radius
Description:

This prime 7,250 SF retail property is a compelling investment opportunity. Built in 2005 and boasting 100% occupancy, it consists of 5 units that offer a steady income stream. The property's location on West 7 Mile Road ensures high visibility, with over 20,300 vehicles passing daily. With quick access to major freeways, bus routes, and essential amenities, this property is strategically positioned for success.

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