For Sale
$614,000
15203 Holly Rd Holly, MI 48442
Prime Holly location, high-growth potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- 2,400 SF retail center in Holly, MI (48442) on a 0.37-acre lot.
- Single-story building constructed in 1995, currently 50% occupied with two tenants, one space available for lease.
- $614,000 asking price, $26,651 current NOI, projected $55,326 NOI post lease-up.
- 4.34% current cap rate, 9.01% pro-forma cap rate; gross lease structure with remaining lease term of approximately 2.3 years (expiring 02/28/2027).
- High-visibility location on N Holly Rd, a major retail corridor, near national retailers like Rite Aid, CVS, and McDonald's; strong demographics (over 29,950 population within 5 miles, average household income over $90,000 within 1 mile).
Property Details for 15203 Holly Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 2,400 SF
- Year Built
- 1995
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 16,117 SF
- Units
- 2
Location Insight
- City
- Holly
- County
- Oakland
- State
- Michigan
- Latitude
- 42.8071598
- Longitude
- -83.627506
15203 Holly Rd, Holly, Michigan
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Prime Holly location, high-growth potential.
- Where is the lifestyle center located?
- The property is located at 15203 Holly Rd Holly, MI.
- What is the asking price?
- The asking price for this property is $614,000.
- What are key features of this property?
- This property features: 2,400 SF retail center in Holly, MI (48442) on a 0.37-acre lot.; Single-story building constructed in 1995, currently 50% occupied with two tenants, one space available for lease.; $614,000 asking price, $26,651 current NOI, projected $55,326 NOI post lease-up.
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