1156 Huron StWaterford, MI 48328

This exceptional investment opportunity presents a 10,922 square foot, single-tenant, free-standing retail building situated on a 1.11-acre lot in Waterford, Michigan. The property, built in 1995 and zoned C2 - Small Business, boasts a prominent location on W Huron Street, experiencing high traffic counts exceeding 18,000 vehicles daily. Currently vacant, the property benefits from a remaining lease term of approximately 2.4 years (expiring March 31, 2027), offering an attractive absolute NNN net lease structure with no landlord responsibilities. The asking price is $1,748,400, representing a compelling cap rate of 9.80% and a price per square foot of $160.08. The property's strong location is further enhanced by its proximity to a new 75,000 square foot DTE Customer Service Center employing 200 workers, and a dense population base of over 161,000 residents within a 5-mile radius. The lease includes four five-year renewal options. This property offers a unique dual opportunity: collect the remaining rent until lease expiration or immediately occupy the space after lease termination. The property can be delivered free and clear of the lease. The Net Operating Income (NOI) is $171,342. The lease commenced on March 13, 1997.