Property summary
This exceptional investment opportunity presents a fee-simple interest in a 109,306-square-foot At Home furniture store located at 10800 Assembly Park Dr, Wixom, MI 48393. The property sits on an 8.86-acre lot and boasts a strong 9.50% cap rate with a substantial NOI of $1,296,482. Built in 2017, this single-story building operates under an absolute NNN lease with At Home, eliminating all landlord responsibilities. The lease, commencing July 3, 2018, and expiring July 31, 2034, has a remaining term of approximately 9.7 years, providing significant long-term cash flow. The lease includes annual rent increases of 2%, ensuring consistent growth. Four 5-year lease options further enhance the investment's stability and potential. This prime retail location in Oakland County, Michigan, benefits from excellent access and visibility within a dominant commercial corridor, serving a dense and affluent demographic. The asking price is $13,647,179, representing a compelling opportunity for investors seeking a passive, high-yield asset with substantial remaining lease term and built-in rent growth. The property's 100% occupancy further solidifies its value and attractiveness.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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