Listing Agency: Gerdom Realty & Investment m***@gerdomrealty.com Show Phone

Listed By: Michael Murphy · License #6501389134 Show Phone

Source: Cpix.resimplifi

Added: May 18 Changed: Aug 12 Last Checked: Aug 21 at 3:58AM

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Investment Insights

Based on property information with market context.

Located in Village Lakes shopping center, this retail space benefits from its position on Highland Road (M-59), a thoroughfare with approximately 40,000 vehicles per day. The shopping center is anchored by JC Penney and Marshall's. The center features large monument signage, ample parking, and multiple curb cuts from both Highland Road and Elizabeth Lake Road. Other tenants include Famous Footwear, Tropical Smoothie Cafe, and UPS.

Key Highlights

• High traffic location on Highland Road (M‑59) with approximately 40,000 vehicles per day.
• Anchored by JC Penney and Marshall's.
• Main east‑west thoroughfare for Oakland County.

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Electrical Service Nail Salon (Bike/Boat/Book/etc) 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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

196

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48386, MI

17,904

Population

7,680

Households

2.3

Avg Household Size

45

Median Age

33%

College-Educated

94%

High-School Grad

16.8 sq mi

ZIP Area

1,066

Density / Sq Mi

$90,805

Median Household Income

$49,063

Median Earnings

$1,480

Median Rent

$295,000

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

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space available in a busy shopping center.

Where is this shopping center located?

The property is located at 310-330 Town Center Boulevard White Lake, MI.

What are key features of this property?

This property features: High traffic location on Highland Road (M‑59) with approximately 40,000 vehicles per day.; Anchored by JC Penney and Marshall's.; Main east‑west thoroughfare for Oakland County.