TROY, MICHIGAN

TROY, MICHIGAN
OVERVIEW
Oakland Mall is a 1.5 million square foot super regional
shopping center located in the Detroit Metropolitan area
of Michigan, serving approximately 650,000 people with
an average income of about $70,000.
Oakland Mall’s family friendly atmosphere and selection
of stores, with great access and visibility from major
thoroughfares Interstate 75, 14 Mile Road, and John R
Highway, make it a top destination.
Oakland Mall’s central location in the Tri-County
shopping district continues to make it a powerful retail
destination today and into the future.
Anchored by Macy’s, Sears, and JCPenney, Oakland Mall
includes more than 128 specialty stores.
Oakland Mall has a variety of exciting stores, including
Aeropostale, Express/Express Men, Victoria’s Secret/
PINK, Forever 21, Bath & Body Works, and The Children’s
Place.
The Detroit Metropolitan area is home to six community
colleges, plus Oakland University and Wayne State
University, as well as campuses for the University of
Michigan, Michigan State, Central Michigan, and Eastern
Michigan Universities. Within the market trade area,
enrollment for the universities have a total combined
annual operating budget in excess of $1.4 billion.
Oakland Mall, as a total retail complex, exceeds $300
million in annual sales. In addition, the department
stores are very strong in their respective districts: Sears
is #1 out of 17, Macy’s is #4 out of 21, and JCPenney is #4
out of 21.
Oakland Mall’s trade area represents 66% of the shoppers
and serves 30% of the total 3.86 million tri-county
residents.
PROPERTY INFORMATION & TRAFFIC COUNTS
LOCATION
412 W. 14 Mile Road
Troy, Michigan
www.oaklandmall.com
TRAFFIC PATTERN
585,147 daily vehicles*
PARKING
8,500 spaces
*© CoStar Inc.
REGIONAL ACCESS
I-75 and 14 Mile Road
John R and 14 Mile Road
MAJOR STORES
Macy’s, Sears, JCPenney, Field &
Stream, Dick’s Sporting Goods
(opening fall 2015)
OPENED
1968
DESCRIPTION
Super Regional Shopping Center
TOTAL RETAIL SQ. FT.
1,500,000
NUMBER OF STORES
128
AERIAL VIEW
SHOPPING CENTER COMPARISON
7.5 Mile Radius
Center Name
Median
Distance Income
Average
Income
Projected
Projected
Population Population Households Households
Fairlane Town Center
Great Lakes Crossing
Lakeside Mall
Laurel Park Place
Macomb Mall
Oakland Mall
Somerset Collection
Village of
Rochester Hills
22.6 mi
18.9 mi
14.5 mi
27.4 mi
10.2 mi
n/a
5.6 mi
$34,370
$55,001
$67,627
$58,329
$44,518
$52,302
$61,347
$45,723
$76,356
$54,554
$76,641
$56,464
$70,002
$84,559
717,484
285,370
509,542
475,409
511,580
650,418
523,023
693,460
291,262
520,482
475,294
509,090
653,219
530,366
272,114
111,980
198,959
196,407
213,175
268,396
217,764
265,061
114,791
203,368
197,450
213,810
271,440
222,299
15.2 mi
$61,489
$86,502
300,149
307,968
115,494
119,114
MARKET TRADE AREA
POPULATION
HOUSEHOLD INCOME
2013 Estimate: 646,163
70% Income over $75,000
$65,569 Average Income
TOTAL HOUSEHOLDS
POPULATION AGE
266,186
30% Age Under 25
42% Age 25-54
28% Age 55+
Median Age: 40.0
*According to the CQ Press, Troy has the lowest crime rate ranking in Michigan for cities
with a population of 75,000 or more.
Source: Urban Retail Properties, LLC
Market Research
© 2011 CLARITAS, INC. All Rights
BUSINESS
PROFESSIONAL EMPLOYMENT CATEGORIES
Professional35%Administrative Support15%
Services12%Management/Business10%
Transportation4%Sales12%
Other3%Production8%
White Collar
Blue Collar
68%
16%
DAYTIME POPULATIONS
In Oakland Mall’s primary trade area there are 33,615 businesses with 351,968 employees. Employee to residential
population ratio is 53%. Oakland Mall’s daytime population is 69,586, the highest population counts of any mall
in the Detroit DMA within 5 miles.
There are over 51 hotels within Oakland Mall’s primary trade area providing 5,977 rooms.
LARGEST SOUTHEAST MICHIGAN EMPLOYERS
Ford Motor Company43,977Automotive
University of Michigan
29,551
Public University/Health Care
Chrysler29,006Automotive
General Motors28,843Automotive
US Government18,600Federal Government
Henry Ford Health System
17,831
Health Care
Trinity Health14,062Health Care
Detroit Medical Center
13,488
Health Care
Beaumont Health System
13,134
Health Care
St. John Providence Health System
12,002
Health Care
ECONOMY
ATTRACTIONS
Metro Detroit hosts year round quality entertainment
featuring live music and theater performances at the
following venues:
• Fox Theatre
• Fisher Theater
• Detroit Opera House
• Music Hall
• Masonic Temple
• Cobo Hall
Metro Detroit is the home to state of the art sports arenas:
• Comerica Park, home of the Detroit Tigers
• Ford Field, home of the Detroit Lions
• Joe Louis Arena, home of the Detroit Red Wings
• The Palace of Auburn Hills, home of the Detroit Pistons
The Detroit Zoo has 125 acres of wildlife attractions,
including one of the largest Polar Bear exhibits, a kangaroo
walk, and animal feedings.
The Detroit Institute of Arts, Detroit Science Center,
Detroit Zoo, Detroit Historical Museum, and The Henry
Ford Museum house several exhibits and attractions.
The Woodward Dream Cruise, held annually the second
weekend in August, draws over 1.7 million people and
400,000 classic cars.
The North America International Auto Show, held in
January at Cobo Hall, welcomes 715,000 car enthusiasts.
Arts, Beats, and Eats bring in over 500,000 people on
Labor Day weekend, and raises over $350 million for local
charities. It also brings in over $40 million for the local
economy by celebrating the diversity of artists, musicians,
and food in Metro Detroit.