Citizens Bank - Dark 

28455 Schoenherr Road | Warren, Michigan 48088

Contact Brokers

Reid Thedford
Investment Advisor
Reid.Thedford@MarcusMillichap.com
(O) 813-387-4726
FL #SL3442474

Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

James Garner, CCIM
First Vice President Investments
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

Highlights

  • Cash Flow until July 31, 2022 - Tenant has sent notice that they will not be staying at the site once their base term expires on July 31, 2022. Buyer can cash flow the property until then.

  • Ideal Re-tenant or Redevelopment Opportunity - 4,636 SQFT, 0.89 Acres, 40 Parking Spaces

  • Massive Population Density - 14,205 (1-mile), 121,941 (3-mile), 341,376 (5-mile)

  • Multiple Drivers Surrounding Property - Warren Woods High School, St. John Macomb Hospital, Macomb Community College

Description

Marcus & Millichap is pleased to present Citizens Bank, an opportunity for an investor to purchase a truly iconic brand in the submarket of Warren, MI. The tenant has sent notice that they will not be staying at the site once their base term expires on July 31, 2022. The buyer can cash flow the property until then. This makes this location an ideal re-tenant or redevelopment opportunity. It has excellent frontage and exposure seeing over 24,000 vehicles per day. This prime location has a variety of phenomenal core real estate drivers including massive population density of 121,941 (3-mile) and 341,376 (5-mile). This ensures future appreciation and stability of the location.