Multi-Tenant Retail Shopping
New
For Sale
$6,200,000
2020-2108 Auburn Road, Shelby Township, MI 48317
A remodeled retail center with five points of access and established national tenants.
Property Size60,599 SF
Price / SF$102.31
Days on Market6
Property Features for 2020-2108 Auburn Road
General Information
Standard status
Active
Size
60,599 SF
Property subtype
Retail
Zoning
CK MAP
Site & Location
Anchor Co-Tenants
Dollar Tree, Planet Fitness
Traffic Count
37,000 vehicles/day
Road Access
Yes
Building Details
Building Size
60,599 SF
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Brandon Kassab · License #6501390606
(248) 702-0292
Source:
Cpix.resimplifi
Added: Oct 20
Changed: Oct 24
Last Checked: Oct 24 at 1:33PM
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 Encore Real Estate Investment Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 60,599-square-foot shopping center at 2020-2108 Auburn Road in Shelby Township contains multiple retail tenants. Dollar Tree and Planet Fitness represent 42.5% of base rent. The property received a high-image remodel in 2019 and is zoned CK MAP.
Five access points connect the center to Auburn Road and Dequindre Road. Combined traffic counts on the two roads exceed 37,000 vehicles per day. The property spans multiple parcels, and approximately 8,000 square feet is identified for lease-up.
Five access points connect the center to Auburn Road and Dequindre Road. Combined traffic counts on the two roads exceed 37,000 vehicles per day. The property spans multiple parcels, and approximately 8,000 square feet is identified for lease-up.
Key Highlights
- 60,599‑square‑foot multi‑tenant shopping center
- Dollar Tree and Planet Fitness account for 42.5% of base rent
- Five access points from Auburn Road and Dequindre Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$447,948
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,958,960
$9.0M
Cap Rate 7%
$6,399,257
$6.4M
Cap Rate 9%
$4,977,200
$5.0M
Market Conditions
NOI Build-Up for 60,599 SF
Gross rent
$727.2K $12.00/SF
− Vacancy
−$87.3K −$1.44/SF
EGI
$639.9K $10.56/SF
− OpEx
−$192.0K −$3.17/SF
NOI
$447.9K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,958,960
Cap Rate 7%
$6,399,257
Cap Rate 9%
$4,977,200
Alternative Uses
Best Use
Retail
$6.40M
$5.60M – $7.47M
NOI $447,948 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.35M
$9.93M – $13.24M
NOI $794,157 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
37,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 30%
Home Improvements & Furnishings 8%
Dollar Tree
Shops & Services
9,454 visits/mo
0.0 miles
Little Caesars Pizza
Dining
4,332 visits/mo
0.3 miles
Marathon
Shops & Services
3,987 visits/mo
0.2 miles
Jet's Pizza
Dining
3,316 visits/mo
0.1 miles
Sunoco
Shops & Services
2,090 visits/mo
0.3 miles
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - A remodeled retail center with five points of access and established national tenants.
Where is this shopping center located?
The property is located at 2020-2108 Auburn Road Shelby Township, MI.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 60,599‑square‑foot multi‑tenant shopping center; Dollar Tree and Planet Fitness account for 42.5% of base rent; Five access points from Auburn Road and Dequindre Road
