Single-Tenant Retail
Built-to-Suit Advance Auto Part | Rare NNN Lease with 8 Years Remaining
2230 Fort Street, Lincoln Park, MI
Listing Price: $1,907,000
Click To Access Offering Memorandum- Cap Rate7.00%
- Building SF6,157 SF
- Price/SF$309.75
- Year Built / Renovated2010
Investment Highlights
- NNN lease with landlord responsibilities limited to the foundation
- Eight years remaining with seven percent increases in option period
- High-traffic location with 36,348 vehicles per day along Fort Street (M-85) and a combined 75,378 vehicles per day at the nearby Fort Street and Southfield Road intersection.
- Densely populated market – 130,244 residents within 3 miles
- Within proximity to national anchors including Kroger, Meijer, Walmart, and Aldi
- Centrally positioned in the Downriver Detroit market, the “Crossroads of Downriver,” connecting Southgate, Allen Park, Wyandotte, and Taylor
- Proximity to major regional drivers including the Gordie Howe International Bridge, downtown Detroit, and Detroit Metropolitan Wayne County Airport
- Regional redevelopment underway, including the transformation of the former Sears in Allen Park into a major mixed-use destination
Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6502433613