Offering Memorandum

Investment Sale

JOANN

600 Brown Rd
Auburn Hills, Michigan

eCode:002i

Daniel H. Kukes

dkukes@landmarkcres.com

248.488.2620

Jason M. Greenspan

jgreenspan@landmarkcres.com

Maxwell E. Lippitt

maxlippitt@landmarkcres.com

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

Property is for sale or lease – Please contact broker for details

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

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