The Learning Experience

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

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PROPERTY ADDRESS

13860 Canal Rd., Sterling Heights, MI 48313

PROPERTY INFORMATION

Price:
$2,375,757
Cap Rate:
8.25%
Term Remaining:
15 years Years
Year Built:
2006
Status:
Available

INVESTMENT HIGHLIGHTS

  • 11,025 SF Free Standing Learning Experience Childcare Center
  • Guaranteed Lease by Zane Childcare LLC (Miral Patel & Hitesh Patel)
  • 15 Year NN Lease | Minimal Landlord Responsibilities
  • 3% Rent Increases at Each Option | Two, Five Year Options
  •  Located Along Canal Road (10,000+ VPD) | Just South of a Major
  • Retail Corridor on Hall Road (108,000+ VPD)
  • Close to Lakeside Mall and The Mall at Partridge Creek
  • Very Densely Populated Area with 256,000+ Residents Within 5 Miles
  • 2.68% Projected Population Growth Within 5 Miles by 2022
  • Median Home Value Within 5 Miles Exceeds $175,000
  • Average Household Income Within 5 Miles Exceeds $79,000
  • Surrounding Retail Tenants Include Walmart, Lowe’s, Target, Costco, Hobby Lobby, LA Fitness, Kohl’s, Michael’s and more