15405 Gratiot AveDetroit, MI 48205

Gateway Village Shoppes, located at 15405 Gratiot Ave, Detroit, MI 48205, presents a compelling investment opportunity. This fully occupied, 24,932 square foot shopping center boasts an impressive 8-tenant lineup, including national brands like Advance America, GameStop, Metro PCS, and Little Caesars, ensuring a diverse and stable income stream. The property benefits from a strong 100% occupancy rate, generating a substantial net operating income (NOI) of $273,204, resulting in an attractive 8.00% cap rate. The asking price is $3,415,056, translating to $136.97 per square foot. Built in 1999, the center enjoys a prime location at the signalized intersection of 8 Mile Road and Gratiot Avenue, benefiting from high visibility and exceptional traffic counts exceeding 65,700 vehicles daily. The property's strategic positioning is further enhanced by its proximity to numerous national retailers, including Aldi, Burger King, Dollar Tree, Dunkin', Subway, and White Castle. The center offers convenient access with ample parking and multiple ingress/egress points. The current leases have a remaining term of 4 years. Strong demographics within a 1, 3, and 5-mile radius, exceeding 167,600 and 384,000 residents respectively, underscore the property's long-term potential. This is a rare opportunity to acquire a high-performing, net-leased retail center in a densely populated and highly trafficked area of Detroit.