Encore Real Estate Investment Services is pleased to offer for sale the Hall Road Retail Center, a 100 percent Class A high image retail center located directly on Hall Road in Macomb Township, Michigan. The property is located on approximately 1.49 acres of land on heavily traveled Hall Road in the high in-come and growth Detroit suburb of Macomb, Michigan. The center is 9,580 square feet in size and is currently occupied by various national and regional tenants, all on NNN leases in which the ten-ants reimburse for 100 percent of operating costs. The property was constructed in 2006 and is a high image retail center in excellent condition. The subject property is located in one of the strongest retail corridors in Metro Detroit. It is located as an outparcel to a Home Depot and Target, both high volume big box retailers that draw from a wide radius of consumers in the Macomb County market. It is located directly on heavily traveled Hall Road (M-59,) which is one of the busiest thoroughfares in Metro Detroit and has some of the highest traffic counts in the state. The property is located only minutes from Lakeside Mall, with over 1.5 million square feet of retail space, and the Mall at Partridge Creek, a 640,000 -square foot open air upscale shopping mall. The property is also located within seconds of a plethora of national retailers as this is truly the epicenter for retail in the eastern suburbs of Detroit. The property is located in Macomb Township, a northern suburb of Detroit located in Macomb County. The township is one of the wealthiest and fast growing areas of the state. In fact, the township's population was 50,478 at the 2000 census and in-creased to 79,580 in the 2010 census, making it the fastest growing area of the entire state of Michigan. Household incomes and home values are well above state and national averages and the area is populated with new, high end subdivisions. In summary, the Hall Road Retail Center is truly an exceptional investment opportunity. In addition to being 100 percent occupied by various national and retail tenants, the leases are all NNN in nature, which ensures that expenses are passed through to the tenants. Additionally, the property is drive through equipped for the Arby's which ensures that Arby's continues to enjoy excellent business at the location as well as provides upside for a future tenant as drive thrus are a commodity in today's real estate world. Additionally, and perhaps most importantly, is the underlying value of the real estate, it is an outparcel to a Target and Home Depot, which ensures that these anchors will continue to draw high volume traffic to the center. Additionally, the property is located directly on Hall Road, one of Michigan's busiest thoroughfares, and has excel-lent signage and visibility on the road as well.
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