Offering Memorandum
Investment Sale
JOANN
600 Brown Rd
Auburn Hills, Michigan
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
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 |
SIMILAR PROPERTIES
Multi-Tenant
3005 Boardwalk Dr
Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Single-Tenant
17115-17117 N. Laurel Park Dr
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF