Modern Multi-tenant Medical Asset | NNN Investment Opportunity in Northville
$4,600,000
40820 7 Mile Rd, Northville, MI 48167
11,746 sqft
Building Size
1.68 acres
Lot Area
Details:
Highlights:
- 11,746 SF retail/office/medical building with contemporary design and high-quality finishes
- 77% occupied by three established healthcare tenants
- Long-term NNN leases in place with two five-year renewal options each
- One 2,810 SF suite is currently available, offering the ability to increase annual income
- Desirable Zoning (OS): Provides flexibility for medical, office, or professional service users
- Located in Northville, one of Metro Detroit’s most affluent suburbs
- Minutes from Northville Park Place, the area's premier shopping and dining destination
- Offers investors a turnkey, low-maintenance asset with stable cash flow, healthcare tenancy, and upside potential
Description:
40820 W 7 Mile Road, a newly constructed (2023) 11,746-square-foot multi-tenant retail/office/medical building located in Northville, Michigan, one of Metro Detroit’s most affluent and rapidly expanding suburban markets. The property is 77% occupied by three reputable healthcare tenants - Maybury Dental Spa, Athletico Physical Therapy, and Best Life N of 1. Each is secured under long-term NNN leases with two five-year renewal options, providing investors with stable, predictable income and minimal landlord responsibilities.
The remaining 2,810-square-foot suite offers significant value-add potential, with the ability to increase projected annual income from $230,158 (in-place) to $303,219 (fully leased) by 2026. Built with modern architectural design and high-quality construction, the property sits on 1.68 acres zoned OS (Office Service), offering flexibility for medical, office, or professional service tenants.
Located along the highly visible 7 Mile Road corridor, the asset provides excellent access to major freeways, strong daily traffic counts, and proximity to Northville Park Place, a 275,000 SF shopping & dining destination with national retailers including Trader Joe’s, Granite City Food & Brewery, Jimmy Johns, and Orangetheory Fitness. The surrounding area features an average household income of $133,409 within three miles, underscoring the strength and stability of the local demographic base.
With its combination of new construction, long-term NNN leases, and strong market fundamentals, 40820 W 7 Mile Road represents a turnkey, low-maintenance investment positioned for steady cash flow and long-term appreciation in one of southeast Michigan’s most desirable submarkets.
This prime location in Northville offers excellent demographics/clientele, quick freeway access, and great visibility. The property is minutes from Northville Park Place, a mixed-use development comprised of 275,000 SF with additional land to accommodate future growth. The surrounding area is a shopper's paradise with a variety of retail centers and restaurants, including Trader Joes, Granite City Food & Brewery, Rusty Bucket, Home Depot, J. Alexanders, and Bahama Breeze, making it an ideal destination for retail, medical, or office users. With its strategic placement in the Detroit market, the property presents an exciting opportunity for businesses looking to capitalize on the thriving local community and its steady flow of visitors.
Documents:
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| Brochure.pdf |
Location
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