10800 Assembly Park Dr Wixom, MI 48393
- Retail properties
- 109,306 SF
- 8.86 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10800 Assembly Park Dr
- Year built
- 2017
- Lot size
- 8.86 lot acres
- Property size
- 109,306 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wixom
- County
- Oakland
- State
- Michigan
- Longitude
- -83.5392
- Latitude
- 42.5005
