Art Van Pure Sleep
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

Robert Bender

Managing Partner

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PROPERTY ADDRESS

3896 Miller Rd., Flint Township, MI 48507

PROPERTY INFORMATION

Price:
$1,350,000
Cap Rate:
7.11%
Term Remaining:
10 years Years
Year Built:
2017
Status:
Available

INVESTMENT HIGHLIGHTS

  • Brand New BTS 4,000 SF Art Van Pure Sleep Mattress Store
  • 10 Year NN Lease with Minimal Landlord Responsibilities
  • Two, Five Year Options | 4% Rent Increases at Each Option
  • Excellent Accessibility & Visibility | Major Retail Corridor

INVESTMENT SUMMARY

Fortis Net Lease is proud to present a brand new Art Van Pure Sleep Mattress Store located at 3896 Miller Road in Flint Township, MI. This new ten year NN lease has two, five year options and four percent rent increases at each option. The rent is scheduled to commence on November 1, 2017.

The subject property is situated in a major retail area and is surrounded by many national tenants including: Target, Best Buy, Kohl’s, Hobby Lob-by, Party City, JoAnn Fabrics, Bed, Bath & Beyond, ABC Warehouse and Old Navy. It is situated at the entrance to a retail center with Best Buy, Guitar Center, Dunham’s Sports & Office Depot. It is also located across from Target, Forman Mills, Bed, Bath & Beyond, Petco and JoAnn Fabrics. The population within five miles exceeds 117,100 residents, the average household income within three miles is $48,000 and the median home value within five miles exceeds $72,000.