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Views: 141 DOM: 229 Updated: 10.15.24 Posted: 04.09.24 Status: Active

Summary

Price $13,647,179
Built/Renov 2017
Tenant At Home
Cap Rate 9.50%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 109,306
Lease Start 07-03-2018
#Units 262
Price/SF $124.85
Expiration 07-31-2034
Tenant Type Big Box Retail
NOI $1,296,482
R. Term 9.8
Ownership Fee Simple
Rent/SF $11.86
Increases 2.0%/1/yrs
Pop 5Mi 112,581
Lot/AC 8.86
Options 4/5yrs/2%
AHHI 5Mi $135,812

Lease Highlights

  • At Home has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

At Home is strategically located off the I-96 interchange, a major east/west interstate highway, with access to 125,000 vehicles passing by daily. The property is positioned in a dominant commercial corridor featuring numerous industrial and well-known national retail tenants, including Meijer, Menards, Target, Sam’s Club, Duluth Trading Company, The Home Depot, and more. Additionally, it is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

At Home Stores LLC, dba At Home, is an American chain of home decor stores. With an average footprint of 110,000 square feet, At Home offers up to 50,000 home products including furniture,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,578 38,674 113,765
2023 Total Population : 2,597 38,545 112,581
2023 Employed Civilian Pop : 1,345 21,744 61,007
2023 Total Businesses : 469 1,901 4,398
2023 Average Household Income : $ 106,157 $ 120,975 $ 135,812
2023 Total Consumer Spending : $ 98 M $ 1787 M $ 5387 M
2023 Median Age : 34 36 40
2023 Total Households : 1,062 17,109 46,488
2023 Pop Age 25+: Bachelor's Degree : 354 8,175 25,198
2023 Average Home Value : $ 377,112 $ 408,356 $ 403,123
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Wixom Rd 2022 6,750 0.11 mi
S Wixom Rd 2022 6,575 0.13 mi
S Wixom Rd Alpha Dr 2014 30,979 0.15 mi
I-96 ON RAMP I- 96 2020 3,060 0.15 mi
I- 96 2022 2,880 0.17 mi
I-96 OFF RAMP S Wixom Rd 2020 6,697 0.19 mi
I- 96 2022 7,733 0.21 mi
I- 96 2022 2,565 0.21 mi
I-96 OFF RAMP I- 96 2020 2,456 0.23 mi
S Wixom Rd 2022 7,382 0.27 mi

Listing Broker

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