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32373 Van Dyke Ave
Warren, MI 48093 Northwest Warren

$2,000,000 USD

Freestanding For Sale  •  8,459 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 8,459 SF
  • Lot Size 1.12 AC
  • Building Class B
  • Year Built 2017
  • Cap Rate 9.69 %
  • Tenancy Multiple
  • Zoning M-1, Light Industrial
0 Transit Score
55 Walk Score

Highlights

The property is currently 61.13% occupied, presenting a clear opportunity to enhance cash flow and achieve a pro-forma cap rate of 9.69%.
Positioned as an out-parcel to Menards, the site offers prominent frontage along a signalized intersection within a prime trade hub anchored.
Consumer Cellular recently executed a fiveyear lease and invested over $300,000 into its buildout, demonstrating tenant commitment.
The property benefits from excellent visibility in a densely populated area, with 109,167 residents within a three-mile radius.
Triple Net (NNN) Leases are in place for the existing tenants, providing stable and predictable income.
The 1.12-acre parcel is larger than most comparable pad sites, offering enhanced flexibility and long-term value.
Cap Rate: 9.69 %

Major Tenants

Tenant SF Occupied Lease End Date
Consumer Cellular 3,600 SF 12/31/2029
Cottage Inn Pizza 1,571 SF 11/30/2030

Amenities

  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Troy Amtrak Station (Wolverine - Amtrak) 20 min - 9.4 mi
AirportDriveWalkDistance
Windsor International 49 min - 28.4 mi
Detroit Metro Wayne County 53 min - 38.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 73
Type: Surface
Included in Rent: Yes
Ben Kohl 202-573-2148 Sands Investment Group
Ben Kohl 202-573-2148 Sands Investment Group