For Sale

Shops at the Crossings | Auburn Hills, MI

Asking Price: $9,180,000 | Cap Rate: 7%

  • Net Operating Income: $642,405
  • Weighted Avg. Lease Term (WALT): 2.49 Years
  • Lease Type: Net

Property Highlights

  • 78% 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