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1369 Division St 101,287 SF 100% Leased Retail Building Adrian, MI 49221 $14,690,804 CAD ($145.04 CAD/SF) 6.15% Cap Rate
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $8.92 CAD
- Triple Net
- Aug 2041
Lowe's est passée d'une quincaillerie de petite ville en Caroline du Nord à l'un des plus grands détaillants de rénovation domiciliaire au monde. Lowe's Companies, Inc. est une entreprise du Fortune 50 et le deuxième détaillant de rénovations domiciliaires en importance au monde. En date du 28 janvier 2022, Lowe's exploitait 1 971 magasins de rénovation domiciliaire et de quincaillerie, représentant environ 208 millions de pieds carrés d'espace de vente au détail. Ces activités comprenaient 1 737 magasins répartis dans 50 États américains, ainsi que 234 magasins au Canada.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $8.92 CAD | Triple Net | Aug 2041 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | XA0-100-0336-02 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,731,567 CAD |
PROPERTY TAXES
CONTACTS
-
David Hoppe -
Danny Griffin -
Eric Suffoletto -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
Presented by
1369 Division St
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