for lease - locations€¦ · 1 mi radius 3 mi radius 5 mi radius highland, mi 48357-4514...

Property Details:

• Desirable Location Just North of Milford• 2 anchors - CVS and Save-A-Lot Grocery• Traffic Count: Approx. 26,000 ADT• Available: 4,800 SF, or can be divided into smaller suites of 1,360 SF• Asking: $12/SF/YR (includes snow removal and grounds maintenance)

FOR Lease

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Property Address: Highland Commons

700-750 W. Highland Rd. (M-59), Highland MI

Contact: J. David Elwood Direct (248) 939-9974 Email: [email protected]

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334Office: (248) 516-7777

Property Address: Highland Commons700 – 750 W. Highland Rd. (M-59), Highland MI

Property Summary

• Desirable Location Just North of Milford

• 2 anchors - CVS and Save-A-Lot Grocery

• Motivated landlord

• Located on Busy Highland Road (M59)

• Traffic Count: Approx. 26,000 ADT

• Available: 4,800 SF, or can be divided into smaller suites of 1,360 SF

• 60’ Storefront (3 Suites combined with 20’ each)

• Asking: $12/SF/YR (includes snow removal and grounds maintenance)


Exterior


Site Map


Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 1 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.6426/-83.6264RF5

700 - 750 W. Highland Rd1 mi radius 3 mi radius 5 mi radius

Highland, MI 48357-4514

PopulationEstimated Population (2016) 2,356 17,037 43,656Projected Population (2021) 2,383 17,291 44,400Census Population (2010) 2,291 16,714 42,889Census Population (2000) 2,041 16,434 41,418Projected Annual Growth (2016 to 2021) 27 0.2% 254 0.3% 744 0.3%

Historical Annual Growth (2010 to 2016) 65 0.5% 323 0.3% 767 0.3%

Historical Annual Growth (2000 to 2010) 250 1.2% 280 0.2% 1,471 0.4%

Estimated Population Density (2016) 750 psm 603 psm 556 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2016) 872 6,468 16,671Projected Households (2021) 902 6,712 17,358Census Households (2010) 824 6,184 15,937Census Households (2000) 718 5,795 14,594Estimated Households with Children (2016) 296 34.0% 2,107 32.6% 5,569 33.4%

Estimated Average Household Size (2016) 2.70 2.63 2.61

Average Household IncomeEstimated Average Household Income (2016) $111,391 $92,551 $93,145Projected Average Household Income (2021) $135,122 $108,918 $110,106

Estimated Average Family Income (2016) $131,906 $107,325 $108,023

Median Household IncomeEstimated Median Household Income (2016) $101,438 $80,219 $79,571Projected Median Household Income (2021) $113,621 $89,338 $88,768

Estimated Median Family Income (2016) $117,134 $94,458 $95,733

Per Capita IncomeEstimated Per Capita Income (2016) $41,243 $35,166 $35,600Projected Per Capita Income (2021) $51,137 $42,307 $43,074Estimated Per Capita Income 5 Year Growth $9,893 24.0% $7,141 20.3% $7,474 21.0%

Estimated Average Household Net Worth (2016) $884,117 $679,644 $682,957

Daytime Demos (2016)Total Businesses 142 651 1,563Total Employees 791 4,700 12,905Company Headquarter Businesses - - - - 2 0.1%

Company Headquarter Employees - - - - 27 0.2%

Employee Population per Business 5.6 7.2 8.3Residential Population per Business 16.6 26.2 27.9



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Lat/Lon: 42.6426/-83.6264RF5



Race & EthnicityWhite (2016) 2,243 95.2% 16,245 95.3% 41,397 94.8%Black or African American (2016) 42 1.8% 234 1.4% 626 1.4%American Indian or Alaska Native (2016) 4 0.2% 42 0.2% 141 0.3%Asian (2016) 26 1.1% 196 1.1% 522 1.2%Hawaiian or Pacific Islander (2016) - - - - 3 - Other Race (2016) 5 0.2% 59 0.3% 243 0.6%Two or More Races (2016) 36 1.5% 262 1.5% 723 1.7%

Not Hispanic or Latino Population (2016) 2,298 97.5% 16,647 97.7% 42,471 97.3%Hispanic or Latino Population (2016) 58 2.5% 390 2.3% 1,185 2.7%Not Hispanic or Latino Population (2021) 2,305 96.7% 16,771 97.0% 42,855 96.5%Hispanic or Latino Population (2021) 78 3.3% 520 3.0% 1,546 3.5%Not Hispanic or Latino Population (2010) 2,243 97.9% 16,398 98.1% 41,893 97.7%Hispanic or Latino Population (2010) 48 2.1% 316 1.9% 995 2.3%Not Hispanic or Latino Population (2000) 2,006 98.3% 16,231 98.8% 40,872 98.7%Hispanic or Latino Population (2000) 35 1.7% 204 1.2% 546 1.3%Projected Hispanic Annual Growth (2016 to 2021) 20 6.9% 130 6.7% 361 6.1%Historic Hispanic Annual Growth (2000 to 2016) 23 4.1% 186 5.7% 639 7.3%

Age Distribution (2016)Age Under 5 125 5.3% 825 4.8% 2,241 5.1%Age 5 to 9 Years 156 6.6% 1,041 6.1% 2,727 6.2%Age 10 to 14 Years 170 7.2% 1,209 7.1% 3,092 7.1%Age 15 to 19 Years 177 7.5% 1,253 7.4% 3,154 7.2%Age 20 to 24 Years 112 4.7% 895 5.3% 2,413 5.5%Age 25 to 29 Years 91 3.9% 707 4.2% 2,052 4.7%Age 30 to 34 Years 104 4.4% 785 4.6% 2,205 5.1%Age 35 to 39 Years 132 5.6% 980 5.8% 2,512 5.8%Age 40 to 44 Years 170 7.2% 1,181 6.9% 2,992 6.9%Age 45 to 49 Years 190 8.0% 1,350 7.9% 3,445 7.9%Age 50 to 54 Years 199 8.4% 1,498 8.8% 3,729 8.5%Age 55 to 59 Years 206 8.7% 1,492 8.8% 3,617 8.3%Age 60 to 64 Years 163 6.9% 1,308 7.7% 3,224 7.4%Age 65 to 74 Years 241 10.2% 1,725 10.1% 4,110 9.4%Age 75 to 84 Years 88 3.8% 566 3.3% 1,509 3.5%Age 85 Years or Over 30 1.3% 221 1.3% 634 1.5%Median Age 42.3 42.6 41.4

Gender Age Distribution (2016)Female Population 1,165 49.5% 8,523 50.0% 21,977 50.3%

Age 0 to 19 Years 306 26.3% 2,132 25.0% 5,442 24.8%Age 20 to 64 Years 673 57.8% 5,095 59.8% 13,211 60.1%Age 65 Years or Over 186 16.0% 1,295 15.2% 3,323 15.1%

Female Median Age 42.1 42.8 42.1

Male Population 1,191 50.5% 8,514 50.0% 21,679 49.7%Age 0 to 19 Years 322 27.1% 2,195 25.8% 5,772 26.6%Age 20 to 64 Years 695 58.3% 5,102 59.9% 12,977 59.9%Age 65 Years or Over 174 14.6% 1,217 14.3% 2,930 13.5%

Male Median Age 42.4 42.3 40.5



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Lat/Lon: 42.6426/-83.6264RF5



Household Income Distribution (2016)HH Income $200,000 or More 96 11.0% 482 7.5% 1,294 7.8%HH Income $150,000 to $199,999 110 12.7% 598 9.2% 1,530 9.2%HH Income $100,000 to $149,999 235 27.0% 1,318 20.4% 3,291 19.7%HH Income $75,000 to $99,999 100 11.5% 899 13.9% 2,275 13.6%HH Income $50,000 to $74,999 98 11.3% 1,108 17.1% 2,924 17.5%HH Income $35,000 to $49,999 72 8.3% 703 10.9% 1,941 11.6%HH Income $25,000 to $34,999 60 6.9% 464 7.2% 1,228 7.4%HH Income $15,000 to $24,999 58 6.7% 477 7.4% 1,078 6.5%HH Income Under $15,000 42 4.8% 419 6.5% 1,110 6.7%

HH Income $35,000 or More 712 81.7% 5,108 79.0% 13,256 79.5%HH Income $75,000 or More 542 62.2% 3,297 51.0% 8,390 50.3%

Housing (2016)Total Housing Units 901 6,772 17,468Housing Units Occupied 872 96.8% 6,468 95.5% 16,671 95.4%

Housing Units Owner-Occupied 765 87.8% 5,817 89.9% 14,570 87.4%Housing Units, Renter-Occupied 106 12.2% 651 10.1% 2,101 12.6%

Housing Units, Vacant 29 3.2% 304 4.5% 796 4.6%

Marital Status (2016)Never Married 420 22.0% 3,202 22.9% 8,883 25.0%Currently Married 1,171 61.5% 8,179 58.6% 20,464 57.5%Separated 54 2.9% 354 2.5% 906 2.5%Widowed 72 3.8% 666 4.8% 1,773 5.0%Divorced 186 9.8% 1,562 11.2% 3,570 10.0%

Household Type (2016)Population Family 2,121 90.0% 15,067 88.4% 38,205 87.5%Population Non-Family 231 9.8% 1,912 11.2% 5,276 12.1%Population Group Quarters 4 0.2% 57 0.3% 174 0.4%

Family Households 682 78.2% 4,885 75.5% 12,394 74.3%Non-Family Households 190 21.8% 1,583 24.5% 4,277 25.7%Married Couple with Children 229 19.5% 1,603 19.6% 4,130 20.2%Average Family Household Size 3.1 3.1 3.1

Household Size (2016)1 Person Households 158 18.1% 1,308 20.2% 3,497 21.0%2 Person Households 333 38.2% 2,415 37.3% 6,094 36.6%3 Person Households 138 15.8% 1,063 16.4% 2,780 16.7%4 Person Households 143 16.4% 992 15.3% 2,611 15.7%5 Person Households 64 7.3% 473 7.3% 1,160 7.0%6 or More Person Households 36 4.2% 217 3.3% 529 3.2%

Household Vehicles (2016)Households with 0 Vehicles Available 24 2.8% 242 3.7% 554 3.3%Households with 1 Vehicles Available 227 26.0% 1,597 24.7% 4,196 25.2%Households with 2 or More Vehicles Available 621 71.2% 4,629 71.6% 11,921 71.5%

Total Vehicles Available 1,792 13,571 34,749Average Vehicles Per Household 2.1 2.1 2.1



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Lat/Lon: 42.6426/-83.6264RF5



Labor Force (2016)Estimated Labor Population Age 16 Years or Over 1,862 13,689 34,948Estimated Civilian Employed 1,193 64.1% 8,726 63.7% 22,742 65.1%Estimated Civilian Unemployed 46 2.4% 410 3.0% 1,062 3.0%Estimated in Armed Forces 3 0.2% 9 0.1% 30 0.1%Estimated Not in Labor Force 620 33.3% 4,543 33.2% 11,115 31.8%Unemployment Rate 2.4% 3.0% 3.0%

Occupation (2010)Occupation: Population Age 16 Years or Over 1,115 7,999 19,801Management, Business, Financial Operations 233 20.9% 1,397 17.5% 3,232 16.3%Professional, Related 225 20.2% 1,679 21.0% 4,120 20.8%Service 144 12.9% 1,146 14.3% 3,184 16.1%Sales, Office 292 26.2% 2,098 26.2% 5,156 26.0%Farming, Fishing, Forestry 1 0.1% 27 0.3% 62 0.3%Construct, Extraction, Maintenance 85 7.6% 729 9.1% 1,765 8.9%Production, Transport Material Moving 134 12.0% 924 11.5% 2,281 11.5%

White Collar Workers 751 67.3% 5,173 64.7% 12,508 63.2%Blue Collar Workers 364 32.7% 2,826 35.3% 7,293 36.8%

Consumer Expenditure (2016)Total Household Expenditure $66.9 M $433 M $1.12 B

Total Non-Retail Expenditure $36.6 M 54.7% $236 M 54.6% $611 M 54.6%Total Retail Expenditure $30.3 M 45.3% $197 M 45.4% $508 M 45.4%

Apparel $2.35 M 3.5% $15.2 M 3.5% $39.2 M 3.5%Contributions $3.31 M 4.9% $20.2 M 4.7% $52.4 M 4.7%Education $2.81 M 4.2% $16.9 M 3.9% $43.8 M 3.9%Entertainment $3.81 M 5.7% $24.5 M 5.7% $63.4 M 5.7%Food and Beverages $9.48 M 14.2% $62.4 M 14.4% $161 M 14.4%Furnishings and Equipment $2.40 M 3.6% $15.3 M 3.5% $39.5 M 3.5%Gifts $1.83 M 2.7% $11.3 M 2.6% $29.3 M 2.6%Health Care $5.04 M 7.5% $33.6 M 7.8% $86.6 M 7.7%Household Operations $2.09 M 3.1% $13.0 M 3.0% $33.6 M 3.0%Miscellaneous Expenses $949 K 1.4% $6.24 M 1.4% $16.1 M 1.4%Personal Care $860 K 1.3% $5.59 M 1.3% $14.5 M 1.3%Personal Insurance $548 K 0.8% $3.39 M 0.8% $8.79 M 0.8%Reading $150 K 0.2% $964 K 0.2% $2.49 M 0.2%Shelter $13.9 M 20.8% $89.6 M 20.7% $232 M 20.7%Tobacco $346 K 0.5% $2.43 M 0.6% $6.26 M 0.6%Transportation $12.3 M 18.4% $81.2 M 18.8% $210 M 18.7%Utilities $4.69 M 7.0% $31.2 M 7.2% $80.7 M 7.2%

Educational Attainment (2016)Adult Population Age 25 Years or Over 1,616 11,814 30,028Elementary (Grade Level 0 to 8) 18 1.1% 152 1.3% 445 1.5%Some High School (Grade Level 9 to 11) 42 2.6% 463 3.9% 1,458 4.9%High School Graduate 421 26.1% 3,227 27.3% 7,864 26.2%Some College 342 21.2% 2,786 23.6% 6,804 22.7%Associate Degree Only 122 7.6% 1,172 9.9% 3,047 10.1%Bachelor Degree Only 444 27.5% 2,622 22.2% 6,845 22.8%Graduate Degree 226 14.0% 1,392 11.8% 3,565 11.9%



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Lat/Lon: 42.6426/-83.6264RF5



Units In Structure (2010)1 Detached Unit 691 83.8% 5,070 82.0% 12,619 79.2%1 Attached Unit 44 5.3% 158 2.6% 608 3.8%2 to 4 Units 6 0.7% 50 0.8% 278 1.7%5 to 9 Units 23 2.8% 63 1.0% 162 1.0%10 to 19 Units 3 0.3% 75 1.2% 229 1.4%20 to 49 Units 18 2.2% 92 1.5% 169 1.1%50 or More Units 4 0.4% 18 0.3% 46 0.3%Mobile Home or Trailer 35 4.3% 659 10.7% 1,826 11.5%Other Structure - - - - - -

Homes Built By Year (2010)Homes Built 2005 or later 76 9.2% 453 7.3% 988 6.2%Homes Built 2000 to 2004 96 11.6% 607 9.8% 1,682 10.6%Homes Built 1990 to 1999 205 24.8% 1,135 18.4% 3,107 19.5%Homes Built 1980 to 1989 57 6.9% 694 11.2% 1,531 9.6%Homes Built 1970 to 1979 141 17.1% 1,388 22.4% 3,175 19.9%Homes Built 1960 to 1969 64 7.7% 534 8.6% 1,449 9.1%Homes Built 1950 to 1959 91 11.1% 627 10.1% 1,932 12.1%Homes Built Before 1949 95 11.6% 746 12.1% 2,073 13.0%

Home Values (2010)Home Values $1,000,000 or More 2 0.3% 50 0.9% 124 0.9%Home Values $500,000 to $999,999 18 2.5% 212 3.8% 519 3.7%Home Values $400,000 to $499,999 41 5.6% 230 4.1% 484 3.5%Home Values $300,000 to $399,999 74 10.3% 472 8.5% 1,242 8.9%Home Values $200,000 to $299,999 162 22.3% 1,123 20.2% 2,701 19.3%Home Values $150,000 to $199,999 111 15.4% 868 15.6% 2,339 16.7%Home Values $100,000 to $149,999 124 17.2% 855 15.3% 2,141 15.3%Home Values $70,000 to $99,999 75 10.3% 584 10.5% 1,373 9.8%Home Values $50,000 to $69,999 32 4.4% 304 5.5% 836 6.0%Home Values $25,000 to $49,999 31 4.3% 336 6.0% 959 6.9%Home Values Under $25,000 54 7.4% 540 9.7% 1,252 9.0%Owner-Occupied Median Home Value $164,862 $152,424 $155,373Renter-Occupied Median Rent $802 $762 $716

Transportation To Work (2010)Drive to Work Alone 990 89.2% 6,968 88.6% 17,049 87.9%Drive to Work in Carpool 72 6.5% 518 6.6% 1,348 6.9%Travel to Work by Public Transportation 2 0.2% 15 0.2% 37 0.2%Drive to Work on Motorcycle 1 0.1% 6 0.1% 11 0.1%Walk or Bicycle to Work 17 1.5% 90 1.1% 268 1.4%Other Means 2 0.2% 13 0.2% 78 0.4%Work at Home 26 2.3% 253 3.2% 606 3.1%

Travel Time (2010)Travel to Work in 14 Minutes or Less 253 23.3% 1,508 19.8% 3,358 17.9%Travel to Work in 15 to 29 Minutes 296 27.3% 2,096 27.5% 5,227 27.8%Travel to Work in 30 to 59 Minutes 430 39.7% 3,059 40.2% 7,801 41.5%Travel to Work in 60 Minutes or More 105 9.7% 946 12.4% 2,403 12.8%Average Minutes Travel to Work 27.7 29.6 30.2

for lease - locations€¦ · 1 mi radius 3 mi radius 5 mi radius highland, mi 48357-4514...

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