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Heritage Landscape Supply | Rock Bottom 2 Industrial Properties Offered at $5,413,340 CAD in Burton, MI
Investment Highlights
- Over 4 Years Remaining | 2% Annual Increases | 2 (5-Year) Options |Parent Company Recently Acquired by Home Depot (NYSE: HD)
- Along Arterial Thorough Fare | Centralized Location
- Industrial NNN | Limited Landlord Responsibilities | Fee Simple
- Strong Demographics in 5-Mile Trade Area
Executive Summary
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).
Property Facts
| Price | $5,413,340 CAD | Status | Active |
| Price / SF | $601.48 CAD / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 7.75% | Total Building Size | 9,000 SF |
| Sale Type | Investment NNN | Total Land Area | 7.32 AC |
| Price | $5,413,340 CAD |
| Price / SF | $601.48 CAD / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 7.75% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,000 SF |
| Total Land Area | 7.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Heritage Landscape Supply
4057 S Dort Hwy, Burton, MI 48529 |
Industrial | 4,750 SF | 1962 | - |
|
Rock Bottom Stone Supply
4307 Dort Hwy, Burton, MI 48529 |
Industrial | 4,250 SF | 1950 | - |
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