2586 S Milford Rd - Garden Center FOR SALE


Highland, MI 48357- Downtown Highland
$1,579,000 USD
949-520-1050
2586 S Milford Rd, Highland, MI for Sale
$1,579,000 USD
Garden Center - FOR SALE
1/18
null | 7.75% Cap Rate

2586 S Milford Rd
Highland, MI 48357
Downtown Highland


HIGHLIGHTS

  • Over 4 Years Remaining | 2% Annual Increases | 2 (5-Year) Options |Parent Company Recently Acquired by Home Depot (NYSE: HD)
  • Industrial NNN | Limited Landlord Responsibilities | Fee Simple
  • Located Along Arterial Thorough Fare | Excellent Visibility
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant has over 4 years of firm term remaining with 2 (5-year) options to extend • The lease features 2% annual rental increases throughout the initial term and option periods, providing a hedge against inflation for a future investor • The lease is signed by Heritage Landscape Supply which operates 220+ branches across 36 states and is a wholly owned subsidiary of SRS Distribution • In 2024, SRS Distribution was acquired by The Home Depot for approximately$18.25 billion (see page 27 for more details).

FOR SALE DETAILS

PRICE

$1,579,000 USD

PRICE/SF

$609 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rock Bottom Stone Supply

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Garden Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.61 AC

LAND SF

200,812 SF

ZONING

-

APN/PARCEL ID

11-34-301-002

ASK ABOUT THIS PROPERTY

Dave FarisSRS National Net LeaseMore Info
949-520-1050

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

Dave FarisSRS National Net LeaseMore Info
949-520-1050

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