For Sale
$895,000

7875 Telegraph Rd Taylor, MI 48180

High-yield retail property, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • 8.7% Cap Rate at $895,000 asking price.
  • NOI of $78,000.
  • Triple-Net (NNN) Lease.
  • Lease term: July 1, 2017 - June 30, 2027, with four 5-year renewal options.
  • Tenant: Wireless Vision LLC, the nation's largest T-Mobile retailer (450+ locations).

Property Details for 7875 Telegraph Rd

Property type
Retail properties
Square Feet
2,800 SF
Year Built
2014
Stories
1
Lot Size (sq. ft)
23,087 SF

Location Insight

City
Taylor
County
Wayne
State
Michigan
Latitude
42.2504913
Longitude
-83.2693808

FAQs

What type of property is this?
Retail property - High-yield retail property, strong tenant.
Where is the retail property located?
The property is located at 7875 Telegraph Rd Taylor, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 8.7% Cap Rate at $895,000 asking price.; NOI of $78,000.; Triple-Net (NNN) Lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7875 Telegraph Rd
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