45810 Woodward Ave Pontiac, MI 48341

This exceptional 7,950-square-foot Class A shopping center, located at 45810 Woodward Ave, Pontiac, MI 48341, presents a compelling value-add investment opportunity. The property, built in 1988 and renovated in 2009, sits on a 0.44-acre lot and boasts 100% occupancy with three tenants under gross leases. The current Net Operating Income (NOI) is $50,000, with a pro-forma NOI projected at $75,000, yielding a 7.69% cap rate. The asking price is $650,000, translating to $81.76 per square foot. The property features 15 parking spaces and is zoned C-3, maximizing retail potential. Tenants currently have short-term leases, offering significant upside for the next owner. This strategically located center benefits from high visibility and accessibility, situated across from the M-1 racetrack and near the redesigned Woodward Boulevard, a new McLaren cancer wing, and the relocating Oakland County administrative offices. The property enjoys a 45,000 car, 24-hour traffic count and is located in an Opportunity Zone. Leases commenced January 3, 2016, and the current occupancy date is July 1, 2024. There are no rent bumps or ground lease in place. The property's APN is 1433161023. This is a rare chance to acquire a thriving retail center in a rapidly developing area.