Offering Memorandum

Investment Sale

Citizens Bank

7205 N Wayne Rd
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
219 Jari Dr
Johnstown, Pennsylvania

$4,814,457 | 19,200 SF
Multi-Tenant
2951-2963 Navarre Ave
Oregon, Ohio

$5,963,586 | 15,233 SF
Multi-Tenant
17000 Kercheval Ave
Grosse Pointe, Michigan

Unpriced | 78,058 SF
Single-Tenant
3392 E Beltline Ave NE
Grand Rapids, Michigan

$4,428,571 | 10,000 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement