Warren Value-Add Opportunity – Warren, MI

32373 Van Dyke Ave, Warren, MI 48093, USA

Sands Investment Group is pleased to exclusively offer for sale the 8,459 SF Warren Value-Add Opportunity NNN located at 32373 Van Dyke Avenue in Warren, Michigan. Strategically positioned, the property is currently operating at 61.13% occupancy and presents significant upside through lease-up and stabilization. The asset benefits from attractive lease structures, with Triple Net (NNN) Leases in place for the existing tenants.

  • Value-Add Potential: 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% at the asking price.
  • Strategic Location: Positioned as an out-parcel to Menards, the site offers prominent frontage along a signalized intersection within a prime trade hub anchored by national credit tenants.
  • Leasing Momentum: Consumer Cellular recently executed a five-year lease and invested over $300,000 into its buildout, demonstrating tenant commitment and demand for the location.
  • Strong Demographics & Visibility: The property benefits from excellent visibility in a densely populated area, with 109,167 residents within a three-mile radius and traffic counts exceeding 56,000 vehicles per day.
  • Attractive Lease Structure: Triple Net (NNN) Leases are in place for the existing tenants, providing stable and predictable income.
  • Rare Lot Size: The 1.12-acre parcel is larger than most comparable pad sites, offering enhanced flexibility and long-term value.

 

IN COOPERATION WITH: Sands Investment Group Michigan, LLC – Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman – MI Lic. # 6502424113

Price

$2,000,000

PREMISES

8,459 SF

Lease Type

NNN

BROKERS

List with SIG

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