Description

We are pleased to present this opportunity. THE DREAM GROUP BANQUET HALL SUPPLIES is a freestanding retail building for sale at 24935 Gratiot Avenue in Eastpointe, MI. Its 7,138 SF of gross leasable area and direct Gratiot Avenue frontage give an investor a defined retail asset with street visibility.

The building sits on a 0.3 acres parcel, with frontage and access that connect its physical position to the retail activity along Gratiot Avenue. The Dream Group LLC occupies the property under a double net lease. The tenant is responsible for HVAC, common area maintenance, the parking lot, taxes, and insurance, while the landlord retains responsibility for the roof and structure. That division of obligations gives a buyer a clear starting point for reviewing ongoing ownership costs.

Gratiot Avenue carries 44,380+ vehicles per day, putting the property in view of traffic on a heavily traveled commercial artery. Nearby retailers include Kroger, Aldi, Tim Hortons, Dollar General, and Taco Bell, giving buyers a picture of the surrounding retail mix. Direct street frontage matters here because the building’s visibility is tied to the same road that serves those neighboring businesses, rather than to an interior position within a center.

The asking price is $425,000, or $59.54 PSF, with $58,000 in NOI and a 13.65% cap rate. Annual 3% rent increases give an investor a defined progression of contractual rent, while the lease’s November 30, 2029 expiration establishes a clear planning horizon.