Offering Memorandum
Investment Sale
30000 Telegraph Center
30000 Telegraph Rd
Southfield, Michigan
Southfield, Michigan
eCode:091i
Sales Price
$4,506,128
NOI
$315,429
Cap Rate
7.00%
Building Size
12,416 SF
Lot Size
2.0 AC
Year Built
1979 (Multi-Tenant Strip)
2015 (Tropical Smoothie Café)
Tenant Roster
- Tropical Smoothie Café
- Banfield Pet Hospital
- Golden Nail Bar
- iCare Wellness
Traffic Count
Telegraph Rd (67,774 CPD)
Highlights
- High-Profile Telegraph Road Exposure
- Dense Daytime & Residential Population
- Strong National & Credit-Oriented Tenancy
- Contractual Rental Increases & Extension Options
- Attractive Remaining Lease Term
- Large 2.0 AC Site with Excess Parking
- Well-Maintained Asset with Strong Build Quality
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 6,242 | 63,918 | 208,732 |
| Household Income | $137,394 | $137,305 | $148,830 |
| Daytime Pop | 8,064 | 87,838 | 169,842 |
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