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

Multi-Tenant
7848 Mall Rd & 7852 Mall Rd
Florence, Kentucky

Smokey Bones: $1,909,492
BJ's Brewhouse: $2,218,333 | Smokey Bones: 7,200 SF
BJ's Brewhouse: 8,500 SF
Multi-Tenant
11400-11500 Telegraph Rd
Taylor, Michigan

Unpriced | 83,964 SF
Single-Tenant
1951 Midway Mall
Elyria, Ohio

$1,440,000 | 8,475 SF
Single-Tenant
717 E Lake Shore Dr
Manistique, Michigan

$2,215,385 | 35,299 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement