Fountain Plaza Center

4140 Elizabeth Lake Road, Waterford, MI 48328

Overview

Price:$1,010,000
Building Size:9,600 SF
Property Type:Retail
Year Built:1982

Highlights

  • Fully occupied (3 tenant) 9,600 SF Retail Strip Center.
  • Long-Term Tenants at Under Market Rents - Value Add Opportunity.
  • Outstanding Location - Dense Residential w/ 23,300+ Cars Per Day.
  • Coin Laundry (Lease Agreement) + Cosmetology & Yoga Month-to-Month.
  • All Tenants Are Open to Potential Lease Agreements/Extensions.
  • Financials Available Upon Request - Buyer Can Create Cap Rate.

Description

9,600 SF Strip Center with under market Tenants. Tenants are month to month, which allows potential Buyer to make a cap that works for them. 4 separate Tenant basements (approximately 4,800 SF) in addition to the 9,600 SF.

Location

Located along Elizabeth Lake Road, between Cooley Lake & M-59.

Contact Broker

Joseph Evangelista
Associate
Thomas Duke Company

Cell313.580.5315
Office248.479.0128 x1138

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