Offering Memorandum

Investment Sale

Citizens Bank

7205 N Wayne Rd
Westland, Michigan

eCode:012i

Louis J. Ciotti

lciotti@landmarkcres.com

248.488.2620

Maxwell E. Lippitt

maxlippitt@landmarkcres.com

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Sales Price

$1,660,000

NOI

$100,000

Cap Rate

6.00%

Lease Expiration

6/30/2026

Building Size

3,007 SF

Lot Size

1.10 AC

Year Built

1965

Zoning

CB-2

Traffic Count

Wayne Rd (28,924 CPD)
Warren Rd (27,714 CPD)

Highlights

  • Absolute NNN Lease
  • Credit Tenant
  • Regional Trade Area
  • Long-Standing Tenant
  • Excellent Access Points

Radius 1 mile 3 mile 5 mile
Population Density 15,566 102,785 284,027
Household Income $48,136 $70,172 $77,130
Daytime Pop 4,822 45,508 129,610

SIMILAR PROPERTIES

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Multi-State Retail Portfolio
40 Properties | 7 States
MICHIGAN, FLORIDA, ILLINOIS, INDIANA,
VIRGINIA, MISSOURI, North Carolina

Unpriced | 662,257 SF
Multi-Tenant
Wadsworth Crossings
1143-1161 Williams Reserve Blvd
Wadsworth, Ohio

$5,119,252 | 45,525 SF
Single-Tenant
Dollar Tree
408 W Maumee St
Adrian, Michigan

$1,710,000 | 19,833 SF
Multi-Tenant
Fort Gratiot Plaza
4025 24th Ave
Fort Gratiot, Michigan

$10,200,000 | 86,923 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement