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The Home Depot 5951 Mercury Dr 111,805 SF Retail Building Dearborn, MI 48126 $19,455,965 CAD ($174.02 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Exceptional Credit Tenant – The Home Depot is the largest home improvement retailer in the world with about 500,000 employees and over 2,300 stores
- Strong Traffic Counts and Visibility – The site sits within an extremely dense residential corridor on the northwestern side of Dearborn, MI
- Top Performing Store Per PLACER.AI – This store ranks in the top 6% in the state of Michigan, and top 19% nationwide of all the store metrics
- Excellent Retail Synergy – Fairlane North shopping center demonstrates excellent retail synergy through the site’s strong shadow anchored tenants
- Surrounding Demographics – Dearborn, MI is home to the Ford Motor Company’s world headquarters and The University of Michigan-Dearborn
- Recent Lease Extension – In 2020 the tenant extended their lease an additional 8 years showing their commitment to the location
Executive Summary
Broker of Record
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
111,805 SF
Building Class
B
Year Built
1993
Price
$19,455,965 CAD
Price Per SF
$174.02 CAD
Cap Rate
5.65%
NOI
$1,099,258 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.20
Lot Size
12.90 AC
Zoning
BB - Commercial
Parking
758 Spaces (6.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-09-123-02-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,653,146 CAD |
Property Taxes
Parcel Number
32-09-123-02-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,653,146 CAD
Contacts
-
Preston Schwartz -
Chad Kurz -
Ariana Sobhan -
Matthews Real Estate Investment Services
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Videos
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Photos
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Street
Map
Presented by
The Home Depot | 5951 Mercury Dr
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