Building Details

Year Built 2018

Tenancy Multi

Listing Agency: Keystone Commercial Real Estate g***@keystonecres.com Show Phone

Listed By: Matt Berke · License #MI 6504139519

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 2:39AM

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Investment Insights

Based on property information with market context.

This shopping center was constructed in 2018 and offers a modern façade. The property is 100% occupied, with a tenant base described as over 74% e-commerce proof, supported by strong tenants whose goods are not presented as readily available online. Tenants are under long-term corporate leases with renewal options.

Home Depot provides a shadow-anchored tenant mix. Other area tenants listed in the offering include Target, Burlington Coat Factory, Big Lots, Planet Fitness, and Henry Ford Optimeyes. The property is located at 29775-29799 Southfield Road, Southfield, MI 48076, with close proximity to freeways, approximately 20 minutes from Downtown Detroit and Detroit Metro Airport.

The remarks also note that Southfield is home to more than 10 colleges, universities, and trade schools, including Lawrence Technological University.

Key Highlights

• 2018‑built shopping center with a modern façade
• 100% occupancy with long‑term corporate leases and renewal options
• Tenants include Home Depot plus retailers such as Target, Burlington Coat Factory, Big Lots, and others

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Auto Repair Shop Building Supply Restaurant Big Box & Wholesale Store Real Estate Agency Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,242

Businesses Nearby

339k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 35% Dining 26% Home Improvements & Furnishings 12% Shops & Services 12%

Target Superstores

105,605 visits/mo 0.4 miles

The Home Depot Home Improvements & Furnishings

38,638 visits/mo 0.2 miles

McDonald's Dining

26,760 visits/mo 0.2 miles

Burlington Apparel

22,198 visits/mo 0.2 miles

Bath & Body Works Beauty & Spa

16,218 visits/mo 0.1 miles

Demographics for 48076, MI

26,062

Population

11,016

Households

2.4

Avg Household Size

44

Median Age

44%

College-Educated

94%

High-School Grad

7.1 sq mi

ZIP Area

3,671

Density / Sq Mi

$85,171

Median Household Income

$50,210

Median Earnings

$1,451

Median Rent

$251,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - 2018-built shopping center featuring a modern façade and 100% occupancy anchored by Home Depot.

Where is this shopping center located?

The property is located at 29775-29799 Southfield Road Southfield, MI.

What are key features of this property?

This property features: 2018‑built shopping center with a modern façade; 100% occupancy with long‑term corporate leases and renewal options; Tenants include Home Depot plus retailers such as Target, Burlington Coat Factory, Big Lots, and others