7875 Telegraph Rd Taylor, MI 48180-2235
- Retail space
- 2,800 SF
- 0.53 lot acres
Sep 16, 2024
Current Use by Public Records
- T-Mobile Authorized Retailer / Cell Phone Store / Cell Phone Accessory Store
Property Details for 7875 Telegraph Rd
- Year built
- 2014
- Lot size
- 0.53 lot acres
- Property size
- 2,800 SF
- Zone code
- B-3
- Property type
- Retail space
- APN
- 60 026 02 0021 000
- APU
- 60026020021000
Description
This exceptional retail property, located at 7875 Telegraph Road in Taylor, Michigan, presents a compelling investment opportunity. The 2,800 square foot building, constructed in 2014, sits on a 0.53-acre lot and boasts 18 parking spaces. Currently leased to Wireless Vision LLC, the nation's largest T-Mobile retailer with over 450 locations across 25 states, the property offers a strong, stable income stream. The lease commenced July 1, 2017, and extends through June 30, 2027, with four five-year options to renew. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. The asking price is $895,000, representing a compelling 8.70% capitalization rate and a net operating income (NOI) of $78,000. The property is zoned B-3 General Business and enjoys a prime location on a heavily trafficked corridor in Wayne County, just four parcels from a Walmart Supercenter. This is a rare opportunity to acquire a high-performing retail asset with a long-term, creditworthy tenant. The property's parcel number is 60-026-02-0021-000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Taylor
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2695
- Latitude
- 42.2505
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
