7-Eleven

Overview

Highlights

• Huge Increase Rent Potential at Renewal Options with no cap on CPI - Base CPI from 2019 minimum 21% increase plus Assuming a Conservative 2% annual CPI resulting in 34% Increase at next Renewal and 48% Increase in Last Renewal
• Absolute NNN Lease w/ no Landlord Obligations
• Investment Credit Corporate Guarantee by 7-Eleven holding an “A” Credit Rating with a $29 Billion Market Cap.
• Low occupancy Cost & Low Rent to Sales Ratio
• Traffic Counts Exceed 36,000+ Cars Per Day & Located at Signalized Intersection of W 9 Mile Road & Pinecrest Road
• Downtown Ferndale Street Neighborhood Retail Location w/ Over 360,000+ Population in a 5 Mile Radius
• Long Term Occupancy Since 2009 and Recent Lease Renewal

Description

Discover an exceptional investment opportunity with this prime 2,580 SF building in Ferndale, MI. Boasting a desirable location in the Detroit area, this property features a single unit and presents the ideal setting for retail or street retail investors. Built in 1978 and zoned BI, the property offers a versatile space to capitalize on the dynamic commercial market. With its strategic positioning and ample potential, this property is perfectly suited to leverage the vibrant retail landscape in the area. Don't miss out on the chance to secure a valuable asset with endless possibilities in this thriving location.

Location

The location of the property in Ferndale, MI offers a vibrant and diverse community with easy access to Detroit's thriving commercial market. Positioned near the lively Nine Mile Road, the area is home to a variety of retail, dining, and entertainment options, making it an attractive destination for businesses seeking a dynamic office environment. Nearby points of interest include the Detroit Institute of Arts, Comerica Park, and the historic Fox Theatre, all contributing to the area's appeal. With its strategic position and proximity to Detroit, the property presents an exciting investment opportunity for office building investors looking to tap into the energy of this bustling market.

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