16137 Leone Dr, Macomb, MI 48042-4063

This 7,000-square-foot warehouse in Macomb, Michigan, presents a compelling investment opportunity. Built in 2006, the property boasts a strong 8.5% cap rate and a Net Operating Income (NOI) of $103,381. Currently occupied by Graham Medical Technologies under a lease extending to August 31, 2026, demonstrating tenant commitment. The property sits on a 0.23-acre lot and is priced at $1,211,000 ($173/sq ft). Located in a thriving industrial area of Macomb Township, a suburb of Detroit, the property benefits from high traffic counts on nearby Hayes Rd and 23 Mile Rd (30,000 vehicles daily). The surrounding area offers a strong demographic profile, with an average household income of $104,342 within a 5-mile radius and a population of approximately 232,749 people within a 10-mile radius. This location provides easy access to various healthcare options and facilities, aligning well with the tenant's medical technology business. The property's strong financials, long-term lease, and desirable location make it an attractive investment prospect.