Shops at the Crossings | Auburn Hills, MI

For Sale

Shops at the Crossings | Auburn Hills, MI

Asking Price: $9,660,000 | Cap Rate: 7%

• Net Operating Income: $676,211
• Weighted Avg. Lease Term (WALT): 2.49 Years
• Lease Type: Net

Property Highlights

• 83% Leased; Stabilized investment opportunity with a true value-add component through leasing up current vacancies
• Over $200,000 recently spent on capital improvements including re-surfacing the parking lot
• Great mix of national and local retailers signed to landlord favorable leases
• Asset lies in a densely populated area, with over 133,915 residents within 5-miles of the asset