Heritage Landscape Supply | Rock Bottom Industrial FOR SALE


Burton, MI
$3,948,000 USD
949-520-1050
, Burton, MI for Sale
$3,948,000 USD
Industrial - FOR SALE
1/10
null | 7.75% Cap Rate

Heritage Landscape Supply | Rock Bottom
Burton, MI


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
  • Along Arterial Thorough Fare | Centralized Location
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

The offering spans across 9 parcels located in Burton and Flint Michigan and totals 21.49 acres. 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).

ASK ABOUT THIS PROPERTY

Dave FarisSRS National Net LeaseMore Info
949-520-1050

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Dave FarisSRS National Net LeaseMore Info
949-520-1050

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