Offering Memorandum

Investment Sale

JOANN

600 Brown Rd
Auburn Hills, Michigan

eCode:002i

Sales Price

$7,545,428

NOI

$528,180

Cap Rate

7.00%

Building Size

44,015 SF

Lot Size

8.81 AC

Year Built

2000

Traffic Count

Brown Rd (17,730 CPD)
I-75 (67,434 CPD)

Highlights

  • Publicly Traded Company
  • Strong Retail Location
  • Established Location with Rent Increases
  • High Tenant Demand
  • Easy Access off of I-75

Radius 1 mile 3 mile 5 mile
Population Density 1,179 38,641 133,210
Household Income $127,216 $83,560 $96,137
Daytime Pop 4,143 41,304 105,763

SIMILAR PROPERTIES

Single-Tenant
1007 Memorial Rd
Houghton, Michigan

$5,468,750 | 14,550 SF
Single-Tenant
139 Javit Court
Austintown, Ohio

$3,279,859 | 10,505 SF
Single-Tenant
28805 Mound Rd
Warren, Michigan

$1,358,518 | 2,178 SF
Multi-Tenant
3309-3139 Oak View Dr
Omaha, Nebraska

Unpriced | 91,350 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement