Reuland Electric 4500 E Grand River Ave 60 293 pi² Industriel Immeuble Howell, MI 48843 7 563 091 $ CAD (125,44 $ CAD/pi²) 8,50% Taux de capitalisation

Fortis Net Lease is present a unique investment opportunity for qualified investors: the Reuland Electric Co. manufacturing facility, located at 4500 E Grand River Ave., Howell, MI. This 60,293 SF property will be 100% leased to Reuland Electric Co. (the “Tenant”) under an Absolute NNN lease structure with an initial 15-year term and 2.5% annual rent escalations, offering a stable and attractive long-term investment.
The facility is ideally positioned directly off Grand River Avenue, the most heavily traveled thoroughfare in Livingston County, ensuring exceptional visibility and accessibility. It is located 55 miles from Detroit, MI—the automotive capital of the world and home to numerous "Big 3" suppliers—placing the tenant in close proximity to key industry players. Additionally, the property is just 40 miles from Lansing, MI, the state capital, where many policies and regulations driving the push toward electrification will be established. This strategic location places Reuland Electric at the heart of both manufacturing and legislative activity, fostering growth and industry influence.
Founded in 1937, Reuland Electric has a long-standing reputation for excellence in electric motor manufacturing, employing 200 people across its operations. The company produces motors for diverse applications and specialty markets, including military, industrial, elevator, cranes, and moveable bridges, dams and other applications requiring large, powerful motors with unique performance specifications. Reuland does not produce low margin motors for the automotive industry. Reuland engineers and produces over 50 distinct product lines, each tailored to meet the most demanding applications. Reuland motors are virtually 100% made in the USA, setting Reuland apart and well positioned for miliary and infrastructure projects.