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
1007 Memorial Rd
Houghton, Michigan

$5,468,750 | 14,550 SF
Single-Tenant
139 Javit Court
Austintown, Ohio

$3,279,859 | 10,505 SF
Single-Tenant
28805 Mound Rd
Warren, Michigan

$1,358,518 | 2,178 SF
Multi-Tenant
3309-3139 Oak View Dr
Omaha, Nebraska

Unpriced | 91,350 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement