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5703-5727 S Wayne Rd
Wayne, MI 48184

$1,120,000 USD

Storefront For Sale  •  5,200 SF

Property Details

  • Property Type Storefront
  • Total Building Size 5,200 SF
  • Lot Size 0.54 AC
  • Building Class C
  • Year Built 1975
  • Cap Rate 6.84 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
64 Walk Score

Highlights

100% occupied 3 unit retail center.
All 3 tenants have renewed their lease multiple times.
Below market rents if the new owner has plans of increasing rents.
Established Retail Hub: Surrounded by national retailers including Kroger, CVS, Dollar General, and McDonald’s.
Prime Retail Corridor: Positioned along S Wayne Rd, one of Wayne’s busiest commercial streets, with 20,000+ vehicles per day ensuring high visibility.
Over 150,000 residents within a 5-mile radius provide a built-in customer base for tenants.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $83,605 USD (2024)
Cap Rate: 6.84 %

Major Tenants

Tenant SF Occupied Lease End Date
Food Basket 1/1/2033
Hungry Howie's Pizza 4/14/2027
Steve's Coney & Grill 4/14/2027

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Dearborn (Wolverine - Amtrak) 19 min - 8.9 mi
AirportDriveWalkDistance
Detroit Metro Wayne County 14 min - 8.1 mi
Windsor International 52 min - 32.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Cameron Hansson 248-965-1286 New Era Real Estate
Cameron Hansson 248-965-1286 New Era Real Estate