For Sale
$899,000

7150 Cooley Lake RdWaterford Township, MI 48327

High-yield retail investment, 9.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 12,500 square foot shopping center, located at 7150 Cooley Lake Road in Waterford Township, Oakland County, Michigan (zip code 48327), presents a compelling investment opportunity. The property boasts a prominent location offering tremendous visibility and ample parking with smooth ingress and egress. Currently occupied by Incredipets under a single-tenant lease, the property benefits from a highly attractive lease structure with a remaining term of nine years (out of a ten-year lease). The lease includes built-in rent escalations, contributing to the strong 9.5% capitalization rate. Incredipets, a tenant with a long and successful track record in a rapidly expanding industry, ensures a stable and reliable income stream. The asking price for this exceptional retail investment is $899,000. This property is ideal for investors seeking a secure, high-yield investment with significant upside potential. The property's prime location and strong tenant occupancy make it a truly exceptional opportunity in the competitive Michigan market. Don't miss this chance to acquire a well-positioned, income-producing asset with a proven track record.

Highlights

  • Nine-year remaining lease with Incredipets (ten-year lease).
  • 9.5% capitalization rate with built-in rent escalations.
  • Asking price: $899,000.
  • 12,500 square foot building with high visibility.
  • Ample parking and easy access.
  • Attractive lease terms.

Property Details for 7150 Cooley Lake Rd

Property type
Lifestyle centers, Power centers
Square Feet
12,500 SF

Location Insight

City
Waterford Township
County
Oakland
State
Michigan
Latitude
42.6163203
Longitude
-83.4263606
7150 Cooley Lake Rd, Waterford Township, Michigan

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7150 Cooley Lake Rd
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