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    OFF-MARKET
    Drug stores

    7362 Highland Rd, Waterford, MI 48327-1508

    2,010 SF 0.53 ac lot Built 2002
    Individually Owned 24-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1669365
    Property summary
    AI-generated overview

    M-59 Plaza, located at 7362 Highland Rd in Waterford Township, Michigan 48327, presents a fantastic opportunity for retail or restaurant businesses. This multi-tenant commercial property boasts a total of 20,000 square feet, with 8,000 square feet currently available for lease. The property offers excellent visibility and accessibility, situated on a major thoroughfare. Current tenants include established businesses such as Dollar Tree, Genisys Credit Union, and Michigan Works!, creating a strong and diverse tenant mix. The available space is highly adaptable, ranging from 3,400 to 8,000 square feet, allowing for flexibility in tenant needs. This prime location offers significant foot traffic and high visibility, making it an ideal space for businesses seeking to establish or expand their presence in the Waterford Township market. Attractive leasing incentives and pylon sign advertisement opportunities are available to enhance tenant visibility and marketing efforts. This is a rare opportunity to join a thriving retail center in a desirable location. Contact us today to learn more about leasing options and to schedule a viewing.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 2002
    Total area 2,010 SF
    Lot 0.53 ac (23,087 SF)
    Zoning code BI
    APN W -13-18-401-008
    UPID US43-1669365
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jamil Asmar · 24 yrs held
    Jamil Asmar
    since 2001
    6 recorded transactions
    2001
    $63,000
    2001
    $162,000
    2001
    $175,000
    1998
    1969
    1969
    Zoning & alternative use
    BI · Waterford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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