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

Show more

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
Dollar Tree
408 W Maumee St
Adrian, Michigan

$1,732,143 | 19,833 SF
Multi-Tenant
Fort Gratiot Plaza
4025 24th Ave
Fort Gratiot, Michigan

$10,200,000 | 86,923 SF
Multi-Tenant
South Village Plaza
1830-1879 172nd Ave
Grand Haven, Michigan

$4,287,781 | 31,034 SF
Multi-Tenant
Brecksville Mixed-Use
8747-8751 Brecksville Rd
Brecksville, Ohio

$3,213,174 | 10,603 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement