0 15311–15479 Beck Rd Northville, MI 48168
Exceptional investment opportunity: a 17,500 square foot, multi-tenant retail shopping center in Northville, Michigan. This 2021-built property sits on a 1.9-acre lot (APN 77-068-04-0001-000) at the highly visible northwest corner of 5 Mile Road and Beck Road (15311-15479 Beck Rd, 48168). The center boasts 100% occupancy with a diverse tenant mix including Sherwin Williams, 5 Guys, First Watch, Qdoba, Verizon, and Tropical Smoothie. All tenants are under long-term NNN leases, many with corporate guarantees or multi-store franchisee operators, ensuring stable and predictable cash flow. Each lease includes rent increases and option periods, providing future income growth. The property benefits from significant residential and commercial growth in the surrounding area, and enjoys average household incomes exceeding $165,000 annually. This is a turnkey investment with strong tenant occupancy and a prime location. Asking price is $9,700,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.