Skip To The Main Content
Investment Shopping Centers
Investment Net Lease
Construction Management / Development
Investment Shopping Center Sales
Investment Net Lease Sales
Surplus Property Disposition
Illinois – Oakbrook Terrace
Illinois – Chicago
Retail Review Newsletter
BACK TO RESULTS
Macomb Mall Shops
Northwest Corner of Gratiot Avenue and Masonic Boulevard
Roseville, MI 48066
Shopping Center Investment Sale
Status: Recently Sold
Excellent Credit Tenancy:
Macomb Mall Shops is leased to Chipotle, AT&T, and Potbelly, and is finalizing a lease with AVAIL Vapor. The three signed leases are to national credit tenants with new long-term leases containing multiple rent bumps (except for Chipotle). AVAIL Vapor will make the subject property 100% occupied.
Dominant Mall Shadow Anchor:
Positioned in front of Macomb Mall, which consists of 900,000 square feet and is undergoing significant renovations and re-positioning, and features a strong group of national anchors including Sears, Dick’s Sporting Goods, H&M, ULTA, Kohl’s, Old Navy, and Babies R Us.
Irreplaceable Location & Growing Demographics:
The area features dense infill residential demographics. Macomb County is the third-largest county in the state of Michigan and saw the largest increase in population (6.7%) of any of the state’s five biggest counties from 2000-2010. The area within a five-mile radius of the property has an estimated 2015 population of 261,355, with an additional daytime working population of 90,761. The average household income within the five-mile radius is just under $60,000.
Macomb Mall Shops is located a half-mile north of the I-94 interchange with Gratiot Avenue, connecting the property with the neighboring communities of the east side of metro Detroit. Gratiot Avenue is the primary retail corridor in the area, with traffic counts of 60,720 VPD.
I- 696’s interchange with Gratiot Avenue is less than four miles south.
The property just finished construction in June 2015, which should limit capital expenditures in the near future.
Free and Clear
: This property is being offered “free and clear,” providing an excellent opportunity for a buyer to finance the transaction at today’s attractive market rates
In Cooperation With:
Mid-America Real Estate-Michigan, Inc.
Website designed and developed by