Building Details

Tenancy Multi

Listing Agency: Mid America Real Estate - Michigan Inc e***@midamericagrp.com Show Phone

Listed By: Eric Birnholtz · License #KS 00225734 Show Phone

Source: Cpix.resimplifi

Added: Jan 26 Changed: Aug 30 Last Checked: Aug 30 at 10:30AM

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Investment Insights

Based on property information with market context.

Oakland Plaza and Oakland Square comprise adjacent power-center properties at 500-740 John R Road in Troy, Michigan. Available leasing options include a former restaurant space and a junior anchor position. Property improvements include an upgraded parking lot and refreshed exterior paint, with additional changes underway under new ownership.

The centers sit on John R Road across from Oakland Mall, an enclosed regional shopping destination measuring 1,500,000 SF with more than 115 stores. Access is supported by several ingress and egress points, a signalized entrance, and four prominent monument signs with space for future tenants. Combined traffic exposure is reported at 55,000+ vehicles per day.

Key Highlights

• Former restaurant space and junior anchor position available for lease
• Across John R Road from Oakland Mall, a 1,500,000 SF enclosed mall
• Oakland Mall includes over 115 stores

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Storage Facility Garden Center Parking Lot & Garage Dental Office Gym & Fitness Center

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

55,000 VPD

Traffic count

Multi-tenant

Tenancy

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

932

Businesses Nearby

449k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 45% Shops & Services 28% Dining 13% Home Improvements & Furnishings 9%

Kohl's Apparel

79,986 visits/mo 0.1 miles

T.J. Maxx Apparel

56,794 visits/mo 0.2 miles

JCPenney Apparel

45,977 visits/mo 0.3 miles

Michaels Shops & Services

43,159 visits/mo 0.2 miles

HomeGoods Home Improvements & Furnishings

42,073 visits/mo 0.1 miles

Demographics for 48083, MI

24,074

Population

10,437

Households

2.3

Avg Household Size

41

Median Age

53%

College-Educated

91%

High-School Grad

8.6 sq mi

ZIP Area

2,799

Density / Sq Mi

$88,551

Median Household Income

$53,204

Median Earnings

$1,277

Median Rent

$293,300

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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Similar Off Market Nearby

• Madison Place — Madison Place, John R Rd, Madison Heights, MI 48071
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Frequently Asked Questions

What type of property is this?

Shopping center - Available retail positions include a former restaurant space and junior anchor opportunity.

Where is this shopping center located?

The property is located at 500-740 John R Road Troy, MI.

What are key features of this property?

This property features: Former restaurant space and junior anchor position available for lease; Across John R Road from Oakland Mall, a 1,500,000 SF enclosed mall; Oakland Mall includes over 115 stores