Retail Business for Sale in Westland, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Westland, MI 48185

Description

The subject property is a single tenant Kohl's under an absolute triple-net, corporate guaranteed ground lease. The store occupies 90,860 square feet and has eleven years remaining on its lease, with four, 5-year option periods remaining. This location is the number four most visited store in the state of Michigan. The property is well located in a prime high-traffic location at the signalized corner of Warren Road and N. Wayne Road and boasts 60,000+ VPD, offering unmatched visibility and accessibility. A variety of national and credit tenants are within close proximity including Walmart Supercenter, Target, Lowe's, Home Depot, Dick's Sporting Goods, Meijer and Best Buy. Investment Highlights: • Long-Term Lease National Tenants: Kohl's & Sephora • Dense & Affluent Trade Area • Prime High-Traffic Location • Exceptional Visibility & Signage

Market Context

This retail in Westland, MI is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 53 days. Compare it against other retail listings for sale in Westland, MI — <a href="/search/sale/retail/michigan/westland">view the full market</a>.

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