36901 Garfield Rd

36901 Garfield Rd, Clinton Township, MI 48035

Description

Situated near the southwest corner of two major roads, Garfield Rd and Metropolitan Parkway, 36901 Garfield Road presents investors with an opportunity to acquire a 15,128 SF commercial property on 1.53 acres in Clinton Township at an attractive basis of approximately $72 per square foot. The property is currently leased to Great Shots Backyard Bar & Games, providing immediate in-place income with annual rent increases through the end of the lease term in July of 2031.

Location

Located on the west side of Garfield Rd, just south of Metro Parkway (16 Mile Rd).

Highlights

• $1,100,000 asking price ($72/SF)
• 15,128 SF building on 1.53 acres
• 100% leased to Great Shots Backyard Bar & Games giving in place income through 07/04/2031
• Modified gross lease with 1.5% annual increases to base rent
• Below-market in place rent, provides meaningful upside upon future renewal or re-leasing
• Long-term value-add opportunity — Attractive acquisition basis combined with below-market rents creates multiple paths to future value through rental growth, tenant rollover, repositioning, or eventual owner-user resale

Location