7755 Highland Rd White Lake, MI 48383-2978

CenterPointe Plaza presents a compelling investment opportunity in White Lake Charter Township, Michigan. This newly constructed (2022), 11,400-square-foot shopping center boasts a 6.85% cap rate and a strong net operating income (NOI) of $213,377. The property features four units, currently 100% occupied by a mix of medical and restaurant tenants under long-term NNN leases, minimizing landlord management responsibilities. One tenant, VCA, invested approximately $1,500,000 in tenant improvements. Attractive annual lease increases are built into most tenant agreements. Situated on a 1.5-acre lot at 7755 Highland Road, the center benefits from exceptional visibility and accessibility, with over 43,300 vehicles passing daily. The prime location is surrounded by national retailers such as Kroger, AutoZone, CVS, and Meijer, further enhancing its appeal. The surrounding area demonstrates strong demographics, with a population exceeding 65,586 and an average household income of $88,284 within a 5-mile radius. The asking price is $3,115,000, translating to $273.25 per square foot. This property offers a rare combination of strong tenant occupancy, favorable lease terms, and a desirable location in a thriving market. This is an exceptional opportunity for investors seeking a stable, high-return retail investment.