Offering Memorandum
Investment Sale
Citizens Bank
7205 N Wayne Rd
Westland, Michigan
Westland, Michigan
eCode:012i
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
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
30755 Montpelier
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Single-Tenant
2150 Executive Hills Ct
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
Auburn Hills, Michigan
$18,181,416 | 114,830 SF