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Views: 19 DOM: 37 Updated: 05.05.24 Posted: 04.09.24 Status: Active 04.09.24

Summary

Price $8,686,000
Built/Renov 1994
Tenant Ford Motor Company
Cap Rate 8.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 55,974
Lease Start 01-01-2008
#Units 64
Price/SF $155.18
Expiration 12-31-2029
Tenant Type Automotive
NOI $716,602
R. Term 5.7
Ownership Fee Simple
Rent/SF $12.80
Increases 0.0%/1/yrs
Pop 5Mi 345,756
Lot/AC 5.84
Options 0/0yrs
AHHI 5Mi $65,490

Lease Highlights

  • Ford Motor Company has operated from this location since 2008
  • Tenant has 5+ years remaining in the current term | No renewal options
  • Lease features $0.50 PSF annual rent increases
  • Corporate guarantee by Ford Motor Company

Location Description

Ford Motor Company is strategically positioned along Rotunda Dr which sees 13,159 vehicles passing daily and is a primary east-west thoroughfare. The location has effortless access to Interstate 95 which sees 99,646 vehicles passing daily and is accompanied by a number of industrial and retail tenants of which a large number are also occupied by Ford Motor Company. Other occupants around the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Ford Motor Company
  • Guarantor:Corp T and Rated
  • Company:Ford Motor Company
  • # Units:64
  • Tenant S&P: BB+
  • Moody’s: Ba2
  • Stock: NYSE: F

About Tenant

Ford Motor Company (NYSE: F) is an American multinational conglomerate and one of the largest and most recognizable automakers in the world. Established in 1903 by Henry Ford, it has grown to...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,216 115,424 341,863
2023 Total Population : 7,331 116,897 346,333
2023 Employed Civilian Pop : 2,655 40,303 132,555
2023 Total Businesses : 323 3,302 8,149
2023 Average Household Income : $ 91,830 $ 66,628 $ 67,923
2023 Total Consumer Spending : $ 221 M $ 2220 M $ 7423 M
2023 Median Age : 37 32 35
2023 Total Households : 2,769 37,755 124,261
2023 Pop Age 25+: Bachelor's Degree : 1,280 9,928 28,603
2023 Average Home Value : $ 260,336 $ 185,399 $ 168,217
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Rotunda Dr Greenfield Rd 2009 13,159 0.10 mi
2019 4,140 0.11 mi
ROTUNDA ENTRANCE 2020 3,536 0.11 mi
2019 870 0.13 mi
JEFFERSON EXIT 2020 743 0.13 mi
Greenfield Rd Rotunda Dr 2021 10,580 0.15 mi
FROM FORD PLANT AND SCHAEFER RD Greenfield Rd 2021 3,799 0.18 mi
2018 2,491 0.19 mi
Greenfield Road 2019 8,421 0.20 mi
NB GREENFIELD 2020 7,192 0.20 mi

Listing Broker

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