43480 Ford Rd - Supermarket FOR SALE


Canton Township, MI 48187- Canton
$8,924,000 USD
43480 Ford Rd, Canton Township, MI for Sale
$8,924,000 USD
Supermarket - FOR SALE
1/5
null | 7.75% Cap Rate

43480 Ford Rd
Canton Township, MI 48187
Canton


HIGHLIGHTS

  • Long-Term Lease with Upcoming Bump | Minimal Landlord Responsibilities
  • Meijer Subsidiary - Midwestern Grocer
  • Below Replacement Cost
  • High Visibility & Access w/ 52K+ VPD
  • Strong Retail Corridor
  • Dense, Affluent Demographics

OVERVIEW

CBRE’s Net Lease Property Group—Midwest is pleased to present qualified individuals with the opportunity to acquire 100% fee interest in a freestanding Fresh Thyme located at 43480 Ford Rd in Canton, MI (the “Property”). The original fifteen-year lease has over five years of term remaining, with a healthy 10% rental increase in June 2027 and in each of the four, five-year extension options. The lease is guaranteed by Lakes Venture LLC, the operating all Fresh Thymes and a direct subsidiary of Meijer. Fresh Thyme is strategically positioned at the Northwest corner of the signalized intersection of Ford Road and Morton Taylor Road, boasting combined traffic counts of over 52,400 vehicles per day. The site is easily accessible via three dedicated curb cuts along Ford Road and Morton Taylor Road. This site is located along a prominent retail corridor with national tenants including Target, BJ’s Wholesale Club, Lowe’s, Kohl’s, Kroger, IKEA, Petco, and Planet Fitness. Fresh Thyme Farmers Market is a full-service, natural and specialty grocer offering a farmer’s market concept with nutritious options at an affordable price and the convenience of a neighborhood store. Fresh Thyme’s extensive produce department offers organic and local fruits and vegetables. Other products throughout the store include natural meat raised without hormones, seafood, hearty breads, delicious treats from local artisan bakeries, barrels of natural and organic bulk foods, earth-friendly cleaning supplies, and gluten-free and dairy-free options among many others. The company was founded in 2012 and has had substantial growth throughout the Midwest with approximately 70 stores across 10 states.

FOR SALE DETAILS

PRICE

$8,924,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresh Thyme Farmers Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

C-2

APN/PARCEL ID

71-040-99-0006-710

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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