JC Penney Outlot – Twelve Oaks Mall – Novi, Mi

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JC Penney Outlot – Twelve Oaks Mall – Novi, Mi

Type: Lease

27500 Novi Rd Novi MI Oakland

Property Type: Vacant Land

Date Available: Immediately

Sales Price: $1,200,000

Contact Person(s): Michael Lippitt
Mark Reeder

(248) 488-2620

Description:

Twelve Oaks Mall is the most
dominant super regional mall in Metro
Detroit, conveniently located at the
intersection of I-96 and I-696, near I-
275, in Novi, Michigan. The 1,500,000
SF mall exceeds $600.00/SF in sales,
making it the second highest volume
mall in the state of Michigan. Twelve
Oaks Mall is the anchor for an
enormous super-regional trade area
that includes over 4,000,000 SF of
retail. JC Penney will sell 1.25 acres
and cross-easements into the JC
Penney parking lot are available.

Available Space: 1.25 acre (54,450 SF)

Anchors: JC Penney, Macy's, Sears, Lord & Taylor, Nordstrom

Tenant Roster: Over 200 national and regional chains

Traffic Count: Novi Road = 16,924 cpd
12 Mile Road = 16,860 cpd

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile 7 Mile
Population Density: 2,446 54,206 159,049 278,719
Avg. HH Income: $110,565 $100,305 105,715 108,391

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.