科利尔国际很高兴为您提供一处业主独有产权的待售物业。美国密歇根州Oakland房产的该住宅位于果园湖路29945号 - 29955号(此“地产”)。该地产是位于密歇根州法明顿山的一栋占地17,462平方英尺的用于零售业用途的建筑。该地产由两部分组成,面积分别为3,670平方英尺和13,792平方英尺。莱斯利(Leslie)泳池用品商店占据了3670平方英尺那一部分,而都会Metro地毯和地板(Metro Carpet & Floors)商店作为主要租客,占据了剩余的13792平方英尺面积部分。该地产在果园湖路(Orchard Lake Road)拥有141英尺长的临街铺面;该物业是法明顿山(Farmington Hills)地区卓越的商区,在次级市场中占据多个日间交通高峰流量。每天有超过43,000辆汽车经过这个位置,交通量确保零售商铺租户获得他们渴求的显著位置。都会地毯和地板商店(Metro Carpet & Floors)已进驻,新的五年租约于2016年初启动。莱斯利泳池用品商店已经在该商铺经营了15年,目前还有两年租约,另有两个5年租约备选。
美国密歇根州Oakland房产的该地产位于底特律都会区最繁忙的零售商区之一:果园湖路。商区的声誉加上该地产位于Mile Road 13号至14号之间的绝佳位置确保了未来源源不断的租赁需求。这栋占地面积接近800,000平方英尺的零售商铺位于果园湖路,具体地是位于Mile Road 12号和14号之间。此地产的空置率仅为1.2 %,平均租金为每英尺19.14美元,一旦都会地毯商店租约期满,该商铺可获得巨大的增值机会。
Colliers International is pleased to offer for sale the 100% fee simple interest in 29945-29955 Orchard Lake Road (the “Property”). The Property is a 17,462 square foot retail building located in Farmington Hills, Michigan. The Property consists of two suites measuring 3,670 SF and 13,792 SF respectively. Leslie’s Pool Supply occupies the 3,670 SF suite while Metro Carpet & Floors occupies the remaining 13,792 SF as the anchor tenant. With 141’ of frontage along Orchard Lake Road; the preeminent shopping corridor of Farmington Hills, The Property enjoys some of the highest daily traffic volume in the submarket. Over 43,000 cars pass by this location every day ensuring retail tenants get the prominence they desire. Metro Carpet & Floors moved into their space and commenced a new lease in early 2016 for five years. Leslie Pool Supply has been at this location for 15 years and currently has over two years remaining with two available five-year options.
The Property is located on one of the busiest retail corridors in all of Metro Detroit; Orchard Lake Road. The reputation of the corridor plus its location between 13 and 14 Mile Road ensure continued and future leasing demand. There is approximately 800,000 SF of retail located along Orchard Lake, specifically between 12 and 14 Mile Roads. The vacancy is only 1.2% and the average rental rate is $19.14 per foot providing significant value-add opportunity once Metro Carpet’s lease expires. A market rate lease in the large suite could add upwards of $110,000 to the NOI. This potential value-add opportunity is unique for any stabilized asset, especially one located on Orchard Lake Road.
Additional Property Details:
- Superb location along Orchard Lake Road providing for excellent access from surrounding affluent towns (West Bloomfield, Bloomfield Hills)
- Average lease term of 3 years and 5 months
- Value-add opportunity with largest tenant below market rent
- 43,000 daily traffic count
- 141’ of Frontage on Orchard Lake
- National credit tenant with 15-year history at the property
- 1, 3, 5 mile median household income above $70,000 per year This property will be auctioned on Monday, October 15 - Wednesday, October 17 . The price displayed is the starting bid amount of $500,000. For information and to register to bid on this property, please visit Ten-X.com.