51779 Van Dyke Ave, Shelby Township, MI 48316-4451

This exceptional investment opportunity presents a fee-simple ownership of a 11,000 square foot, single-story childcare center in Shelby Township, Michigan. Built in 2006, the property sits on a 1.4-acre lot at 51779 Van Dyke Ave, a high-traffic area with over 33,000 vehicles per day. The property boasts a 15-year triple-net (NNN) lease with a reputable tenant, featuring 10% rent bumps every five years and two, five-year renewal options, ensuring consistent income growth. The current annual net operating income (NOI) is $252,000, resulting in an attractive 8.65% cap rate. The asking price is $2,913,294, translating to $264.84 per square foot. The property benefits from a strong demographic profile, with over 184,000 residents within a five-mile radius, a median home value exceeding $284,539 within three miles, and an average household income over $108,000 within the same radius. Nearby retail establishments include well-known brands like Advance Auto Parts, Rite Aid, Tim Hortons, Planet Fitness, Big Lots, and McDonald's, indicating a thriving commercial environment. This is a rare opportunity to acquire a stable, high-performing investment with significant long-term potential. The lease commenced August 1, 2018, and has 15 years remaining. The property is 100% occupied.