7875 Telegraph RdTaylor, MI 48180

Property Details for 7875 Telegraph Rd

Year built

2014

Lot size

0.53 AC

Property size (Sq ft)

2,800 SF

Zone code

B-3

Property type

Retail space

APN

60 026 02 0021 000

APU

60026020021000

Description

This exceptional retail property, located at 7875 Telegraph Road in Taylor, Michigan, presents a compelling investment opportunity. The 2,800 square foot building, constructed in 2014, sits on a 0.53-acre lot and boasts 18 parking spaces. Currently leased to Wireless Vision LLC, the nation's largest T-Mobile retailer with over 450 locations across 25 states, the property offers a strong, stable income stream. The lease commenced July 1, 2017, and extends through June 30, 2027, with four five-year options to renew. The property benefits from a triple-net (NNN) lease structure, minimizing landlord responsibilities. The asking price is $895,000, representing a compelling 8.70% capitalization rate and a net operating income (NOI) of $78,000. The property is zoned B-3 General Business and enjoys a prime location on a heavily trafficked corridor in Wayne County, just four parcels from a Walmart Supercenter. This is a rare opportunity to acquire a high-performing retail asset with a long-term, creditworthy tenant. The property's parcel number is 60-026-02-0021-000.

• CAP approach

  CAP return

  Valuation

  6%

  $704,610

  6.5%

  $650,409

  7%

  $603,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,018

  Geo Method

  $660,018

• Alternative Use

  Use

  Valuation

  Residential

  $548,644

  Hospitality

  $502,555

  Educational

  $418,120

  Medical

  $432,500

  Retail

  $650,409

Location Insight

City

Taylor

County

Wayne

State

Michigan

Latitude

42.2505

Longitude

-83.2695

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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