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PROPERTY ADDRESS
7210 E 9 Mile Rd., Eastpointe, MI 48021
PROPERTY INFORMATION
INVESTMENT HIGHLIGHTS
- 10 Year NNN Ground Lease
- No Landlord Responsibilities
- 6+ Years Remaining on Lease
- 10% Rent Bumps Every 5 Years
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present a free-standing Tim Horton’s restaurant located at 17210 E Nine Mile Road in Eastpointe, Michigan. The ten year NNN ground lease requires no landlord responsibilities and has approximately six years remaining on the initial term. The lease has ten per-cent rent increases at the sixth year and at each option. The lease also has four, five year options.
The subject property is located in a very densely populated area with over 365,500 residents within five miles. The median home value within five miles is over $85,000 and the average household income is over $58,000. Tim Horton’s is situated on a local retail corridor and is less than three miles from Eastland Center (anchored by Home Depot, Lowe’s, Burlington Coat Factory, Sears, Target & Shoppers World).