700 Big Beaver RdTroy, MI 48084

Property Details for 700 Big Beaver Rd

Year built

1986

Lot size

0.68 AC

Property size (Sq ft)

8,899 SF

Zone code

O-1

Property type

Commercial real estate

APN

88-20-27-201-049

APU

882027201049

Description

This exceptional Class A retail investment opportunity, located at 700 W Big Beaver Rd, Troy, MI 48084, presents a compelling offering. The 62,364 square foot, multi-tenant shopping center boasts a prestigious roster of 15 national and local brands, including Shake Shack, Fidelity, Seasons 52, and Kura Sushi, ensuring strong occupancy and consistent cash flow. The property features a desirable Absolute NNN lease structure with credit-rated tenants and corporate guarantees, minimizing landlord responsibilities and maximizing investment security. Built between 1978 and 2019, the property sits on a 7.13-acre lot and includes 250 parking spaces, catering to the high volume of customers. Situated in Oakland County's affluent Troy, Michigan, this center benefits from a prime location with 1,100 feet of frontage on Big Beaver Road, close proximity to I-75, and just 1.5 miles from the Somerset Collection Mall. The average household income within a 5-mile radius exceeds $144,000, reflecting the high purchasing power of the surrounding community. The property offers full-service amenities, including 24-hour on-site security, electronic monitoring, and on-site management. The asking price is $42,800,000, translating to $686.29 per square foot. Rent bumps are included, further enhancing the investment's long-term value. Currently operating at 90% occupancy, this Core+ investment presents a rare opportunity to acquire a high-performing retail asset in a top-tier market. The fee-simple ownership provides complete control and potential for future appreciation.

• Alternative Use

  Use

  Valuation

  Residential

  $2,118,525

  Hospitality

  $1,940,558

  Educational

  $1,614,521

  Medical

  $1,670,047

  Retail

  $2,511,478

Location Insight

City

Troy

County

Oakland

State

Michigan

Latitude

42.5624

Longitude

-83.1338

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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