28810 Northwestern Hwy 4,284 SF Retail Building Southfield, MI 48034 $12,303,450 CAD ($2,871.95 CAD/SF) 6% Cap Rate

Alrig USA is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a Absolute NNN leased, single tenant, corporate guaranteed, El Car Wash investment property located in Southfield, Michigan. The tenant, El Car Wash, will sign a 20-year sale leaseback with six, five-year options to extend, demonstrating their long-term commitment to the site. The lease will be executed upon the closing of the sale to the new owner. The lease features 2% annual rental increases throughout the initial term as well as throughout each option period. The lease is absolute NNN with zero landlord responsibilities making it an ideal investment opportunity for a passive investor.
The property is strategically located on the signalized hard corner intersection of 12 Mile Road and Northwestern Highway, which serves over a combined 104,658 vehicles per day. The surrounding area is very densely populated with over 188,280 residents within five miles.