33350 Schoenherr Rd Sterling Heights, MI 48312
Freestanding 1995-built auto parts store with double-net structure and approximately 2.5 years remaining on the current lease.
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 11 at 2:39 am
Property Features for 33350 Schoenherr Rd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Listing office CBRE
Listing date Jul 8, 2026
Source Crexi
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 CBRE
Investment Insights
Based on property information with market context.
Located at 33350 Schoenherr Rd in Sterling Heights, Michigan, the store operates within a densely populated suburban trade area.
O’Reilly Auto Parts is a national brand with more than 6,600 stores across the United States, Canada, and Mexico.
Key Highlights
- Freestanding auto parts store built in 1995 for Murray's Auto Parts, currently operated by O'Reilly Auto Parts
- Approximately 2.5 years remaining on the current lease term with three remaining option periods
- 5% rental rate increases in each of the three remaining option periods
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.0k | $18.60 |
| − Vacancy | −$14.3k | −$1.43 |
| EGI | $171.7k | $17.17 |
| − OpEx | −$51.5k | −$5.15 |
| NOI | $120.2k | $12.02 |
Alternative Uses
Property Analytics
Current Use by Public Records
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