Crossroads Plaza Redevelopment

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Crossroads Plaza Redevelopment

Type: Lease

NEC of Metropolitan Pkwy & Van Dyke Rd Sterling Heights MI Macomb County

Property Type: Shopping Center

Date Available: Immediate

Rent: $38.00/SF NNN

Contact Person(s): Louis Ciotti

(248) 488-2620

Description:

Complete redevelopment at one of Macomb County’s busiest intersections with Home Depot and Meijer. This intersection is going through a complete transformation which allows for a brand new retail center street-side with pad sites on the hard corner. With combined traffic counts in excess of 106,000 cars per day, the exposure alone at Crossroads Plaza is enough to warrant serious consideration of the retail sales potential at this established trading area. There is also a potential for the redevelopment of the area north of Home Depot (see the “Concept Plan”) that can accommodate users to 102,500 SF.

NNN Expense: $2.16/SF

Building Size: Up to 9,600 SF of hard corner retail development
Up to 102,500 SF of large development in rear

Building Dimensions: 80' depths

Available Space: 1,600 SF & up

Zoning: Commercial

Traffic Count: Van Dyke north of 16 Mile Rd=63,800 (2014), 16 Mile Rd east of Van Dyke=47,048 (2011)

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 5,961 94,130 276,396
Avg. HH Income: $69,029 $67,287 $67,306
Daytime Population: 9,731 59,302 168,756

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.