NNN Retail
For Sale
$895,000
7875 Telegraph Rd, Taylor, MI 48180
Single-tenant NNN retail building leased to a T-Mobile retailer under a term through 2027.
Property Size2,800 SF
Price / SF$319.64
Days on Market735
Property Features for 7875 Telegraph Rd
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Zoning
B-3
Additional Details
Cap Rate
8.7%
Building Details
Building Size
2,800 SF
Year Built
2014
Buildings
1
Stories
1
Listing Agency:
Thomas A. Duke Company
Listed By:
Dave Tesch · License #6501378844
(248) 479-0126
Source:
Cpix.resimplifi
Added: Oct 24, 2024
Changed: Oct 25
Last Checked: Oct 28 at 4:43AM
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 Thomas A. Duke Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This NNN retail storefront investment is leased to Wireless Vision LLC, operating as a T-Mobile retailer. The property is supported by a NNN lease with a term running 07/01/2017 through 06/30/2027, along with four additional five-year extension options.
The asset is located on the east side of Telegraph Rd in Taylor, MI, just south of Ecorse Rd. Public remarks indicate the location is within four parcels of a Walmart Supercenter on one of Wayne County’s highly traveled corridors.
According to the listing, the offering is underwritten at an 8.7% cap rate at the ask price, with NOI stated at $78,000.
The asset is located on the east side of Telegraph Rd in Taylor, MI, just south of Ecorse Rd. Public remarks indicate the location is within four parcels of a Walmart Supercenter on one of Wayne County’s highly traveled corridors.
According to the listing, the offering is underwritten at an 8.7% cap rate at the ask price, with NOI stated at $78,000.
Key Highlights
- Single‑tenant NNN retail building built in 2014, leased to a T‑Mobile retailer
- 8.7% cap rate at ask price with NOI of $78,000
- NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,531
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,620
$530.6K
Cap Rate 7%
$379,014
$379.0K
Cap Rate 9%
$294,789
$294.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$40.3K $14.40/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$37.9K $13.54/SF
− OpEx
−$11.4K −$4.06/SF
NOI
$26.5K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,620
Cap Rate 7%
$379,014
Cap Rate 9%
$294,789
Alternative Uses
Best Use
Retail
$379.0K
$331.6K – $442.2K
NOI $26,531 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
208k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 66%
Dining 17%
Shops & Services 12%
Electronics 2%
Walmart
Superstores
137,589 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,680 visits/mo
0.2 miles
Tim Hortons
Dining
11,774 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
10,352 visits/mo
0.2 miles
Tropical Smoothie Cafe
Dining
7,683 visits/mo
0.2 miles
Demographics for 48180, MI
63,409
Population
26,741
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
23.6 sq mi
ZIP Area
2,687
Density / Sq Mi
$59,537
Median Household Income
$40,090
Median Earnings
$1,036
Median Rent
$141,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Thrifty Florist — 8150 Telegraph Rd, Taylor, MI 48180
Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant NNN retail building leased to a T-Mobile retailer under a term through 2027.
Where is this storefront property located?
The property is located at 7875 Telegraph Rd Taylor, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Single‑tenant NNN retail building built in 2014, leased to a T‑Mobile retailer; 8.7% cap rate at ask price with NOI of $78,000; NNN lease structure
