1000 Enterprise Dr Allen Park, MI 48101-3029
- Industrial land
- 0.24 lot acres
Current Use by Public Records
- Belle Tire Distribution Center / Auto Repair Shop
Property Details for 1000 Enterprise Dr
- Lot size
- 0.24 lot acres
- Zone code
- M 2
- Property type
- Industrial land
- APN
- 30 001 99 0011 000
- APU
- 30001990011000
Description
This exceptional Class A industrial distribution facility presents a compelling sale-leaseback opportunity. Located at 1000 Enterprise Dr, Allen Park, MI 48101, this 362,420-square-foot building sits on a 15.32-acre lot, offering unparalleled access to major highways I-94 and I-75. Recently renovated and expanded in 2024, the property boasts 26.5-foot clear heights, 32 dock-high doors, and ample parking (155 spaces). Currently 100% occupied by Belle Tire under a 15-year NNN lease with a 6.00% cap rate and a $2,808,755 NOI, this property offers a secure, long-term investment. The lease includes a 2.00% annual rent increase. The building is zoned M2 (Medium Industrial) and features modern amenities designed for efficient distribution. This is a mission-critical facility for Belle Tire, the largest tire retailer in Michigan, serving as its sole distribution center for over 180 retail locations. The $46,810,000 asking price translates to $129.16 per square foot. This is a rare opportunity to acquire a high-performing asset with a strong tenant and significant upside potential. The property's strategic location within the Midwest provides efficient distribution to a large customer base.
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
- Allen Park
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1861
- Latitude
- 42.2935
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
