Shoppes at Orchard and Tele

The property is located in the high traffic commuter corridor of Orchard Lake Road and Telegraph Road, with traffic counts in excess of 45,000 vehicles per day. The property is also located immediately adjacent to a dense housing subdivision from which the property’s tenants can draw on a captive pool of consumers. The property’s location provides excellent access to the Metropolitan Detroit area given its proximity to major transportation routes, coupled with a broad market window along both Orchard Lake Road and Telegraph Road. Both Downtown Pontiac and the wealthy suburb of West Bloomfield can be accessed within a five minute drive from the property. The property is also advantageously located across from the highest volume Home Depot in the state of Michigan, benefiting from its significant drawing power. Other retail shopping centers can be found two miles to the southeast along Telegraph and two miles to the northeast in Downtown Pontiac. The latest development of high growth retail and housing located less than one mile from the property is the Village at Bloomfield. This is an 87 acre mixed use development centrally located on Telegraph Road at the epicenter of Bloomfield’s business community. The development comprises a 243,000 SF Menards, 22,245 SF Aldi, a fitness center, 432 apartments, a hotel, 150 senior housing units, and the Henry Ford clinic. The property is located in Oakland County, one of the most affluent counties in the country. It is part of the metropolitan Detroit area, located northwest of the city. As of the 2020 Census, its population was 1,274,395, making it the second-most populous county in Michigan, behind neighboring Wayne County. It is home to a highly skilled labor force and a favorable manufacturing composition. The presence of General Motors, Chrysler and Oakland University will continue to provide stability to the metro area’s economy..