1369 Division St - Freestanding FOR SALE


Adrian, MI 49221
$10,569,000 USD
980-498-3293
1369 Division St, Adrian, MI for Sale
$10,569,000 USD
Freestanding - FOR SALE
1/8
null | 6.15% Cap Rate

1369 Division St
Adrian, MI 49221


OVERVIEW

Atlantic Capital Partners is pleased to exclusively offer the opportunity to acquire a freestanding Lowe’s Home Improvement located at 1369 Division Street in Adrian, MI. The property is leased to Lowe’s under a long-term NN lease with more than 15 years of remaining primary term. The lease includes six (6) five-year renewal options with rental escalations, providing investors with durable income growth backed by an investment-grade guarantor. Strategically positioned within Adrian’s dominant retail corridor, the property benefits from proximity to Walmart Supercenter, Meijer, Menards, Hobby Lobby, and other national retailers that draw consistent regional traffic. Adrian, serves as the area’s economic hub and is supported by institutions such as Adrian College, Siena Heights University, and ProMedica Charles & Virginia Hickman Hospital. With a regional population base exceeding 90,000 residents, the Lowe’s location serves as the primary home improvement destination for the trade area. The combination of a nationally recognized credit tenant, a large land parcel exceeding 18 acres, and strategic positioning in the Adrian MSA makes this offering a rare opportunity to acquire a secure, long-term net lease asset in a stable Michigan market.

FOR SALE DETAILS

PRICE

$10,569,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

651

LAND DETAILS

LAND ACRES

15.05 AC

LAND SF

655,578 SF

ZONING

CM

APN/PARCEL ID

XA0-100-0336-02

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.