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

Multi-Tenant
7848 Mall Rd & 7852 Mall Rd
Florence, Kentucky

Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan

Unpriced | 83,964 SF
Single-Tenant
1951 Midway Mall
Elyria, Ohio

$1,440,000 | 8,475 SF
Single-Tenant
717 E Lake Shore Dr
Manistique, Michigan

$2,215,385 | 35,299 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement