For Sale
$1,653,847
15424 Southfield Rd Allen Park, MI 48101
High-return, 7-year lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 2024 tenant improvement allowance for build-out. Continuously occupied by Boston Market since 1994, with immediate backfill.
- 7-year net-net lease with minimal landlord responsibilities and scheduled rent increases. New roof, HVAC, and parking lot.
- Lease guaranteed by Cellular Sales of Knoxville, Inc., the largest Verizon authorized retailer in the U.S. (800+ locations).
- Prime location on high-traffic Southfield Road in Allen Park, a densely populated Detroit suburb.
- Excellent retail location on Southfield Road, a major Metro Detroit thoroughfare, with nearby national retailers including CVS, AutoZone, Kroger, and more.
- High visibility and signage on Southfield Road (approx. 100,000 vehicles per day), with easy access from Allen Road.
Property Details for 15424 Southfield Rd
- Property type
- Retail properties, Retail space
- Square Feet
- 3,340 SF
- Year Built/Renovated
- 1994/2024
- Buildings
- 1
- Lot Size (sq. ft)
- 12,632 SF
Location Insight
- City
- Allen Park
- County
- Wayne
- State
- Michigan
- Latitude
- 42.259021513586
- Longitude
- -83.205234490789
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-return, 7-year lease, strong tenant.
- Where is the retail property located?
- The property is located at 15424 Southfield Rd Allen Park, MI.
- What is the asking price?
- The asking price for this property is $1,653,847.
- What are key features of this property?
- This property features: 2024 tenant improvement allowance for build-out. Continuously occupied by Boston Market since 1994, with immediate backfill.; 7-year net-net lease with minimal landlord responsibilities and scheduled rent increases. New roof, HVAC, and parking lot.; Lease guaranteed by Cellular Sales of Knoxville, Inc., the largest Verizon authorized retailer in the U.S. (800+ locations).
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