25377-25397 Schoenherr Rd Warren, MI 48089

Property Details for 25377-25397 Schoenherr Rd

Lot size

1.58 lot acres

Property size

9,304 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 9,304 square foot shopping center, located at 25377-25397 Schoenherr Road in Warren, Michigan, presents a compelling investment opportunity. Situated on a 1.58-acre pad site, this property enjoys a highly desirable location adjacent to a thriving 155,000 square foot Meijer Supercenter, a top performer in the national rankings (top 77% nationwide, over 2.1 million customer visits in 2023 according to Placer.ai data). The center benefits from a stable tenant roster with long-term leases, boasting a weighted average lease term (WALT) exceeding six years across four tenants. Built-in rental increases within the primary lease terms offer significant upside potential. Anchor tenants include a Great Clips, which also performs exceptionally well (top 75% nationwide and top 80% in Michigan over the past year, according to Placer.ai data). The property's strategic location benefits from the high traffic generated by the adjacent Meijer, as well as the proximity of other national brands like Dunkin' Donuts and Taco Bell on a nearby pad site. The surrounding area is characterized by a dense residential population and a strong workforce, further enhancing the property's appeal. This well-positioned shopping center offers a rare opportunity to acquire a stable, high-performing asset in a robust market. The property's strong tenant mix, favorable lease terms, and prime location make it an ideal investment for discerning buyers seeking consistent cash flow and long-term growth. The asking price is $3,450,000.

Location Insight

City

Warren

County

Macomb

State

Michigan

Longitude

-82.9875

Latitude

42.4815