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Last updated on Wednesday, September 08, 2010
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We focus on providing quality 1031 exchange replacement properties and traditional
triple net & multi tenant retail, industrial, office, and shopping center
investments nationally.
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Golfsmith
Clinton Township, MI
Bldg Size: 19,042 sq. ft.
Land: 1.50 Acres
Lease Type: NN
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Price: $2,977,400
Yield: 8.25 (CAP)
Expiration Date: 12/31/2018
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Pad Site to Lowe’s with access to two main, high traffic roads (79,600 & 41,074 vpd)
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Key retail corridor with Meijer, Costco, Kohl’s, Home Depot, Target, Sam’s Club, Petco, Toys R Us, and Kroger
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Located between the 1,530,000 sf dominant super regional Lakeside Mall with five anchors, and the new 640,000 sf Mall at Patridge Creek with Nordstrom & Parisian
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9 years remain on the lease with a 10% rental escalation on 1/1/2014 taking the cap rate to 9.08%
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Median household income is $78,070 in a 3 mile radius with 71.9% home ownership
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Outstanding retail location leased to a public company (NASDAQ: GOLF) on eight lane Hall Road (M-59)
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| Copyright (c) 2009 EXP Realty Advisors, Inc. All Rights Reserved |
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