Property summary
Merchants Marketplace, a 63,805 square foot retail center in Farmington Hills, Michigan, presents a compelling value-add investment opportunity. This two-building, single-story property sits on 7.54 acres and boasts 98.1% occupancy with twelve tenants, including nationally recognized brands like CVS Pharmacy, Aldi, Kroger, Food Lion, Publix, and Winn-Dixie. Built in 1995 and 2006, the center features a diverse mix of essential and service-oriented retailers, creating a "recession-proof"… tenant base. The property benefits from a strong average rent of $14.41 per square foot, with significant upside potential. Several leases are expiring soon, or lack option periods, offering opportunities to increase rental income. Two recent lease extensions resulted in rent increases of 25% and 45%, respectively. Eight tenants have annual rent increases built into their leases, providing a hedge against inflation. The property's location is ideal, surrounded by residential communities with over 60,500 residents and an average household income exceeding $139,000. Furthermore, over 164,000 daytime employees work within a five-mile radius. The asking price is $11,253,000, representing an 8.25% cap rate and a NOI of $928,372. An end-cap outparcel with approved drive-thru plans is currently vacant, presenting an additional lease-up opportunity. All leases are NNN, with tenants responsible for taxes, insurance, and common area maintenance. Many leases also include reimbursement clauses for certain capital expenditures. This property offers a rare combination of strong existing performance, significant upside potential, and a prime location in a thriving market.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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