Freestanding Best Buy
For Sale
Contact for pricing
Pending
50400 Waterside Dr, New Baltimore, MI 48051
Net-leased retail building within Waterside Marketplace, supported by interstate access and an established national retail mix.
Property SizeContact for details
Days on Market142
Property Features for 50400 Waterside Dr
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Matthews
Listed By:
Ben Snyder · License #OH# 2018002569
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 7:15PM
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 Matthews
Investment Insights
Based on property information with market context.
This 45,000-square-foot freestanding storefront property is occupied by Best Buy under a net lease. The tenancy began in September 2007 and was renewed for a second time, extending the lease through March 2026. The offering carries an 8.00% CAP and is presented free and clear of existing debt.
The property is part of Waterside Marketplace at 50400 Waterside Dr in New Baltimore, Michigan. Access and exposure are provided near Interstate 94 and 23 Mile Rd, with reported traffic volumes of 79,600 VPD and 37,800 VPD, respectively. The shopping center contains 2.2 million square feet of retail space and reports 97% occupancy.
The surrounding retail environment includes Lowe’s, Aldi, Dick’s Sporting Goods, TJ Maxx, Burlington, Old Navy, DSW, Ulta, and Jo-Ann, along with Target, Meijer, Home Depot, Kohl’s, and Hobby Lobby in the broader trade area. The five-mile area includes nearly 107,000 residents and average household incomes above $102,000.
The property is part of Waterside Marketplace at 50400 Waterside Dr in New Baltimore, Michigan. Access and exposure are provided near Interstate 94 and 23 Mile Rd, with reported traffic volumes of 79,600 VPD and 37,800 VPD, respectively. The shopping center contains 2.2 million square feet of retail space and reports 97% occupancy.
The surrounding retail environment includes Lowe’s, Aldi, Dick’s Sporting Goods, TJ Maxx, Burlington, Old Navy, DSW, Ulta, and Jo-Ann, along with Target, Meijer, Home Depot, Kohl’s, and Hobby Lobby in the broader trade area. The five-mile area includes nearly 107,000 residents and average household incomes above $102,000.
Key Highlights
- 45,000‑square‑foot freestanding Best Buy storefront property
- Best Buy lease renewed for a second time; term extends through March 2026
- 8.00% CAP with the property offered free and clear of existing debt
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
507k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 48%
Dining 22%
Shops & Services 15%
Groceries 5%
Kohl's
Apparel
60,724 visits/mo
0.2 miles
T.J. Maxx
Apparel
45,999 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
36,190 visits/mo
0.2 miles
McDonald's
Dining
32,697 visits/mo
0.4 miles
Chick-fil-A
Dining
29,275 visits/mo
0.5 miles
Demographics for 48051, MI
17,718
Population
7,255
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
1,248
Density / Sq Mi
$89,923
Median Household Income
$50,569
Median Earnings
$1,064
Median Rent
$247,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Net-leased retail building within Waterside Marketplace, supported by interstate access and an established national retail mix.
Where is this storefront property located?
The property is located at 50400 Waterside Dr New Baltimore, MI.
What are key features of this property?
This property features: 45,000‑square‑foot freestanding Best Buy storefront property; Best Buy lease renewed for a second time; term extends through March 2026; 8.00% CAP with the property offered free and clear of existing debt
