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Views: 105 Updated: 01.09.24 Posted: 05.24.23 Status: Inactive

Summary

Price $4,924,000
Built/Renov 2023
Tenant Range USA
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 15,000
Lease Start 01-23-2023
#Units 45
Price/SF $328.27
Expiration 12-31-2042
Tenant Type General Retail
NOI $357,000
R. Term 18.0
Ownership Fee Simple
Rent/SF $23.80
Increases 5.0%/5/yrs
Pop 5Mi 246,921
Lot/AC 2.20
Options 3/5yrs/5%
AHHI 5Mi $67,438

Lease Highlights

  • New 2023 construction
  • Brand-new lease with 3 (5-year) option periods
  • The lease features 5% rental increases every 5 years
  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This Range USA is located just offI-75 (90,500 VPD), one of the busiest highways in the state, with direct access to Detroit. It is positioned on a regional retail corridor with close proximity to Walmart, Sam’s Club, Home Depot and more, creating a strong consumer draw to the area. There are over 247,000 residents and over 75,000 employees in the immediate trade area. The site benefits from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Range USA
  • Guarantor:Corporate
  • Company:TOPCO AMERICA, LLC
  • # Units:45
  • Stock:Private

About Tenant

Range USA, formerly known as Shoot Point Blank, is one of the nation’s leading indoor gun range and retail shops. Their mission is to develop responsible gun owners. They do this by offering...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,303 111,325 246,453
2023 Total Population : 8,308 113,252 250,473
2023 Employed Civilian Pop : 4,514 55,834 118,227
2023 Total Businesses : 341 3,026 6,434
2023 Average Household Income : $ 95,540 $ 86,131 $ 80,842
2023 Total Consumer Spending : $ 341 M $ 3623 M $ 7388 M
2023 Median Age : 45 43 42
2023 Total Households : 4,090 47,934 104,127
2023 Pop Age 25+: Bachelor's Degree : 1,421 12,177 24,772
2023 Average Home Value : $ 216,179 $ 180,398 $ 174,340
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
TO NORTHLINE RD Northline Rd 2021 6,192 0.03 mi
FROM NORTHLINE RD Prechter Blvd 2021 6,152 0.12 mi
Reeck Rd Northline Rd 2006 3,719 0.21 mi
Northline Rd Reeck Rd 2003 31,840 0.23 mi
I 75 Allen Rd 2021 78,338 0.26 mi
Prechter Blvd Heritage Pl 2006 3,719 0.27 mi
BETWEEN ALLEN AND NORTHLINE (IN SOUTHGATE) Allen Rd 2021 3,260 0.29 mi
BETWEEN ALLEN AND NORTHLINE (IN SOUTHGATE) Prechter Blvd 2021 4,404 0.30 mi
PRECHTER BLVD 2020 3,519 0.30 mi
Allen Rd Empire St 2014 28,126 0.34 mi

Listing Broker

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