40775 GARFIELD RD, Clinton Township, MI 48038
A fully leased retail strip building in a high-traffic area, offering stable space for retail investors.
- Added:
- May 28, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 6 at 2:07 am
Property Features for 40775 GARFIELD RD
General Information
- Standard status
- Active
- Size
- 45,091 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing agent Larry Howard License #MI 6501288227
Listing office Howard Realty Group
Listing date May 28, 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 Howard Realty Group
HighLights
- 45,000 SF retail building built in 2004
- Fully leased retail strip building
- High‑traffic area
Overview
The property is located at 40775 Garfield Rd in Clinton Township, Michigan. Public remarks note the site sits in a high-traffic area, which can be an important consideration for tenant visibility and customer access for retail businesses.
For buyers, this is a straightforward option for acquiring a retail asset that is already generating tenant occupancy at the time of purchase. For tenants and brokers, the layout and “fully leased” status suggest a working retail environment with existing day-to-day operations. Interested parties can request additional rent roll and leasing details through the broker to evaluate the tenant mix and lease terms as part of underwriting.
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 | $541.1k | $12.00 |
| − Vacancy | −$64.9k | −$1.44 |
| EGI | $476.2k | $10.56 |
| − OpEx | −$142.8k | −$3.17 |
| NOI | $333.3k | $7.39 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Coinstar Kiosk - Bitcoin ATM — 41941 Garfield Kroger, Clinton Twp, MI 48038
Location Insight
- Map
- Local Demand
- City
- Clinton Township
- County
- Macomb
- State
- Michigan
- Longitude
- -82.953905
- Latitude
- 42.597146
