Wayne Rd, Wayne, MI 48184
This exceptional investment opportunity presents a fully occupied, three-unit retail center ideally situated on S Wayne Road in Wayne, Michigan. Boasting a prime location in an established retail hub, this property benefits from high visibility and significant daily traffic exceeding 20,000 vehicles. The center is surrounded by major national retailers such as Kroger, CVS, Dollar General, and McDonald's, ensuring a strong customer base. All three units are currently occupied by long-term tenants with leases exceeding 20 years, and all are planning to renew, providing immediate and consistent cash flow. Current rental rates are below market value, presenting a significant opportunity for future income growth under new ownership. The property sits on a 0.54-acre lot and serves a substantial population base of over 150,000 residents within a five-mile radius. This presents a rare chance to acquire a stable, high-performing retail investment in a thriving commercial corridor. The property's strong tenant occupancy, long-term leases, and prime location make it an attractive investment for both seasoned and new investors seeking a reliable and potentially high-return asset. The asking price is $1,299,000.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.