New Orleans Mall

This highly visible and prominent retail strip center sits on the hard corner of 10 Mile Rd and Greenfield Rd in Southfield, Michigan. Surrounded by dense single and multi-family homes, this site boasts a population of 129,676 within a 3-mile radius with a median household income of $72,174. It benefits from high volume traffic flows with 46,000 daily vehicles on Greenfield Rd and 16,000 daily vehicles on 10 Mile Rd.Opportunity to purchase a value-add strip retail center in Southfield, Michigan. These properties consist of 14 tenants and a diversified rent roll of service businesses resistant to e-commerce trends. Through the mark to market of rents and conversion to NNN leases, investors have the opportunity to increase NOI while clipping in-place cash flow. The rent roll has a staggered expiration schedule allowing for smooth cash flow and operations.