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7150 Cooley Lk Rd Waterford Township, MI 48327

Sponsored
For Sale
$899,000

High-yield retail investment, 9.5% cap rate.

Property size:
12,500 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 12,500 square foot shopping center, located at 7150 Cooley Lake Road in Waterford Township, Oakland County, Michigan (zip code 48327), presents a compelling investment opportunity. The property boasts a prominent location offering tremendous visibility and ample parking with smooth ingress and egress. Currently occupied by Incredipets under a single-tenant lease, the property benefits from a highly attractive lease structure with a remaining term of nine years (out of a ten-year lease). The lease includes built-in rent escalations, contributing to the strong 9.5% capitalization rate. Incredipets, a tenant with a long and successful track record in a rapidly expanding industry, ensures a stable and reliable income stream. The asking price for this exceptional retail investment is $899,000. This property is ideal for investors seeking a secure, high-yield investment with significant upside potential. The property's prime location and strong tenant occupancy make it a truly exceptional opportunity in the competitive Michigan market. Don't miss this chance to acquire a well-positioned, income-producing asset with a proven track record.

Property Features for 7150 Cooley Lk Rd

General Information

Property type
Lifestyle centers
Square Feet
12,500 SF

HighLights

  • Nine‑year remaining lease with Incredipets (ten‑year lease).
  • 9.5% capitalization rate with built‑in rent escalations.
  • Asking price: $899,000.
  • 12,500 square foot building with high visibility.
  • Ample parking and easy access.
  • Attractive lease terms.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Waterford Township
County
Oakland
State
Michigan
Longitude
-83.4263606
Latitude
42.6163203

FAQs

What type of property is this?
Lifestyle center - High-yield retail investment, 9.5% cap rate.
Where is this lifestyle center located?
The property is located at 7150 Cooley Lk Rd Waterford Township, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Nine-year remaining lease with Incredipets (ten-year lease).; 9.5% capitalization rate with built-in rent escalations.; Asking price: $899,000.
More about this property
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