26013 Hoover Rd Warren, MI 48091

This exceptional 281,910 square foot shopping center in Warren, Michigan, presents a compelling investment opportunity. Boasting an 8.00% cap rate and 89.9% occupancy, the property generates a strong net operating income (NOI) of $2,138,921. Built in 1990 and situated on 22.68 acres, the center benefits from a prime location near the intersection of Hoover Road and I-696, experiencing high daily vehicle traffic. The tenant mix includes a nationally recognized grocery anchor, Kroger, along with other national retailers, contributing to a robust and diverse revenue stream. A significant portion of the revenue (51%) is derived from necessity-based retailers, demonstrating resilience to economic fluctuations. The center's strong performance is further evidenced by the high percentage of long-term tenants (59% of revenue from tenants with over 10 years of operational history) and above-average sales for several key tenants. This well-established shopping center offers a stable investment with significant upside potential in a densely populated area with high average household incomes. The property's strategic location and strong tenant base make it a highly desirable asset in a thriving retail market. The 22.68-acre lot provides ample space and potential for future expansion or redevelopment. The property's high traffic count and prominent location contribute to its strong performance and long-term viability. The center's success is a testament to its strategic location, strong tenant mix, and the enduring appeal of its retail offerings.