6006-6144 Wayne Rd, Westland, MI 48185
35,200 SF | 95% Leased | Retail Building | Westland, MI 48185 | $4,595,000 ($131/SF) | 8.20% Cap Rate
For Sale
Active
18 pictures
Asking Price $4,595,000
- Property Type
-
Retail
- Square Feet
- 35,200 SF
- Price / Square Foot
- $131
Listing Contacts
Joseph Qonja
Property Overview
Westview Plaza at 6006-6144 N Wayne Road offers an incredible investment opportunity to own a thriving multi-tenant neighborhood shopping center in a vibrant Westland, Michigan, commercial corridor. This well-maintained, 35,260-square-foot shopping center is anchored by recognizable national tenants, including Family Dollar, H&R Block, and the highest-ranked O'Reilly Auto Parts in the state (Placer.ai). The nearly 100% occupied center hosts good credit tenants with long-term leases. Located along Wayne Road near the area's main thoroughfare of Ford Road, Westview Plaza is easily accessible with abundant parking and provides prime visibility with prominent pylon and monument signage.
Benefit from the exceptional chance to capitalize on the buzzing retail landscape of Westland as Westview Plaza offers a property well below replacement costs at aggressive pricing. A steady demand for retail space within the Southern Interstate 275 Corridor area has consistently attracted investors. Westview Plaza is situated in a densely populated trade area, ensuring a constant stream of customers and sustained profitability.
The well-positioned submarket encompasses several high-income suburbs like Canton, Livonia, and Northville and is conveniently located at the heavily trafficked intersection of Interstates 275, 96, and M 14. In addition, this submarket is the closest for Ann Arbor residents looking to expand their shopping destinations. Steady consumer spending has buoyed market fundamentals and supported rent growth.
Benefit from the exceptional chance to capitalize on the buzzing retail landscape of Westland as Westview Plaza offers a property well below replacement costs at aggressive pricing. A steady demand for retail space within the Southern Interstate 275 Corridor area has consistently attracted investors. Westview Plaza is situated in a densely populated trade area, ensuring a constant stream of customers and sustained profitability.
The well-positioned submarket encompasses several high-income suburbs like Canton, Livonia, and Northville and is conveniently located at the heavily trafficked intersection of Interstates 275, 96, and M 14. In addition, this submarket is the closest for Ann Arbor residents looking to expand their shopping destinations. Steady consumer spending has buoyed market fundamentals and supported rent growth.
Property Details
- Class
- B
- Year Built
- 1979
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 174,240 SF
Highlights
- 95% occupied multi-tenant shopping center opportunity featuring long-term leases, reputable businesses, and high traffic counts.
- Anchored by national tenants, including Family Dollar, H&R Block, and the highest-ranked O’Reilly Auto Parts in the state (Placer.ai).
- Excellent exposure and prime visibility to over 28,800 daily drivers on Wayne Road with prominent pylon and monument signage.
- Located in a densely populated area with high disposable incomes from the low cost of living, delivering a strong consumer base.
- Positioned just east of Interstate 275 near the heavily trafficked main area thoroughfare of Ford Road, providing easy accessibility.
- Aggressive pricing with a 8.2% Cap.
All available spaces
- Space
- 1st Fl-Ste 6054
- Size
- 1,600 SF
- Condition
- Full Build-Out
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