12730 7 Mile RdDetroit, MI 48235

This exceptional investment opportunity presents a fully leased, three-tenant retail building situated at 12730 West 7 Mile Road in Detroit, Michigan. The property boasts a total of 3,563 square feet, currently occupied at 100% capacity by Boost, Exotic Cloudz, and Floral Gardens. Each tenant holds a lease with a minimum of five to ten years remaining, secured by personal or corporate guarantees, ensuring a stable and predictable income stream. The building's prime location on 7 Mile Road and Meyers, across from the only Home Depot in Detroit, benefits from high population density and significant foot traffic. The property offers a compelling 8.60% capitalization rate and a strong net operating income (NOI) of $76,775, making it an attractive addition to any investment portfolio. The asking price is $930,000, translating to a price per square foot of $261.02. This is a newly developed, turnkey investment property, requiring no immediate tenant acquisition or vacancy management. The property's strong tenant roster, favorable lease terms, and strategic location in a high-density area of Detroit combine to create a highly desirable investment opportunity with significant potential for long-term growth and return. The property is a triple-net (NNN) lease, meaning tenants are responsible for property taxes, insurance, and maintenance. This minimizes the owner's operational responsibilities and maximizes passive income potential. The zip code is 48235.