35000 W Warren Rd - Department Store FOR SALE


Westland, MI 48185
$14,201,000 USD
949-698-1105
35000 W Warren Rd, Westland, MI for Sale
$14,201,000 USD
Department Store - FOR SALE
1/10
null | 8% Cap Rate

35000 W Warren Rd
Westland, MI 48185


HIGHLIGHTS

  • Corporate Guaranteed Ground Lease (NYSE: KSS) | Long Term Occupant | Scheduled Increases | Options To Extend
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • #4 Kohl’s in Michigan | 617,000+ Visitors Annually (per Placer.ai)
  • Westland Shopping Center (1M+ SF Mall) | Dense Retail Corridor
  • Located Along Warren Road | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee (land ownership) interest in an absolute NNN, corporate guaranteed, Kohl’s investment property located in Westland, Michigan (Detroit MSA). The tenant has occupied this location for over 36 years and currently has 12 years remaining on their lease with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features a $0.05/SF/month rental increase in 2029 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$14,201,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kohl's | 12yr Corp Ground Lease | NYSE: KSS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

227

LAND DETAILS

CROSS STREETS

Wayne Rd

LAND ACRES

8.35 AC

LAND SF

363,726 SF

ZONING

CB-3

APN/PARCEL ID

56-015-99-0011-704

ASK ABOUT THIS PROPERTY

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949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

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