For Sale
$1,449,000

36851 Mound RdSterling Heights, MI 48310

High-Yield Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
Carmia Plaza, a thriving 6,200 square foot shopping center located at 36851 Mound Rd, Sterling Heights, Michigan 48310, presents a compelling investment opportunity. Built in 1990 and extensively renovated in 2022, this property boasts a strong tenant mix and 100% occupancy, generating a substantial net operating income (NOI) of $100,000 annually. The asking price is $1,449,000. This strategically located retail center benefits from its regional position at the intersection of 16 Mile and Mound Roads, offering excellent visibility and accessibility. The recent renovations ensure the property is in excellent condition, providing immediate value and potential for future appreciation. The current tenant mix provides a stable income stream, with added value potential through lease renewals and strategic tenant replacement. This property is an ideal acquisition for investors seeking a stable, high-performing retail investment in a desirable Michigan market. The property's strong performance and prime location make it a rare opportunity in the competitive Sterling Heights market. The 2022 renovations ensure modern amenities and appeal to a wide range of tenants. This is a turnkey operation ready for immediate income generation.

Highlights

  • 6,200 SF shopping center in Sterling Heights, MI, offering a strong ROI.
  • 100% occupancy with a $100,000 annual NOI.
  • Asking price: $1,449,000.
  • Excellent visibility at the intersection of 16 Mile and Mound Roads.
  • Extensively renovated in 2022.
  • Strong tenant mix providing a stable income stream.

Property Details for 36851 Mound Rd

Property type
Lifestyle centers, Power centers
Square Feet
6,200 SF
Year Built/Renovated
1990/2022

Location Insight

City
Sterling Heights
County
Macomb
State
Michigan
Latitude
42.564168832052
Longitude
-83.049408760599
36851 Mound Rd, Sterling Heights, Michigan

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36851 Mound Rd
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