Single-Tenant Retail
For Sale
Contact for pricing
15050 Southfield Rd, Allen Park, MI 48101
Single-tenant retail property leased to Krispy Kreme, with remaining firm term through October 2028.
Property Size4,488 SF
Price / SF$506.91
Days on Market777
Property Features for 15050 Southfield Rd
General Information
Standard status
Active
Size
4,488 SF
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | McLean
(202) 286-1542
Listed By:
Andrew Fallon
(202) 286-1542
Source:
Moodyscre
Added: Jun 14, 2024
Changed: Jul 26
Last Checked: Jul 26 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean
Investment Insights
Based on property information with market context.
This single-tenant retail store is leased to Krispy Kreme. The tenant recently exercised the second of four option periods, providing firm term through October 2028. Lease provisions include CPI increases at the beginning of each option period.
The lease is signed by the corporate entity, NASDAQ: DNUT. Tenant is responsible for CAM, taxes, insurance, and maintenance of the premises, with no landlord responsibilities.
The tenant has operated at the site since 2003, reflecting long-standing occupancy. The property is presented as an income-focused offering, with the lease structure designed to grow NOI during option periods.
The lease is signed by the corporate entity, NASDAQ: DNUT. Tenant is responsible for CAM, taxes, insurance, and maintenance of the premises, with no landlord responsibilities.
The tenant has operated at the site since 2003, reflecting long-standing occupancy. The property is presented as an income-focused offering, with the lease structure designed to grow NOI during option periods.
Key Highlights
- Single‑tenant retail property leased to Krispy Kreme with remaining firm term through October 2028 (after exercising the second of four option periods).
- Lease includes CPI increases at the beginning of each option period to help grow NOI and hedge against inflation.
- Krispy Kreme has operated at this site since 2003, showing long‑term historical occupancy.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 48101, MI
28,664
Population
12,413
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
4,095
Density / Sq Mi
$80,045
Median Household Income
$51,658
Median Earnings
$1,181
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail property leased to Krispy Kreme, with remaining firm term through October 2028.
Where is this retail space located?
The property is located at 15050 Southfield Rd Allen Park, MI.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: Single‑tenant retail property leased to Krispy Kreme with remaining firm term through October 2028 (after exercising the second of four option periods).; Lease includes CPI increases at the beginning of each option period to help grow NOI and hedge against inflation.; Krispy Kreme has operated at this site since 2003, showing long‑term historical occupancy.
