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10800 Assembly Park Dr Wixom, MI 48393

OFF-MARKET Retail properties & Spaces Google Maps
109,306 SF 8.86 ac lot Built 2017
Estimated value
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Property ID

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 2017
Total area 109,306 SF
Lot 8.86 ac (385,942 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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