Offering Memorandum

Investment Sale

Mattress Firm & Motif Jewelers

21838-21840 Eureka Rd
Taylor, Michigan

eCode:028i

Sales Price

$2,789,723

NOI

$181,332

Cap Rate

6.50%

Building Size

6,806 SF

Lot Size

0.90 AC

Year Built

2018 (Redeveloped)

Zoning

B2-Regional Business District

Tenant Roster

  • Mattress Firm
  • Motif Jewelers

Traffic Count

Eureka Rd (32,433 CPD)
Racho Rd (7,300 CPD)

Highlights

  • Recent Development & Long Term Leases
  • Base Term Rent Increases
  • Mattress Firm Corporate Guaranty
  • Hard Corner of Eureka Rd & Racho Rd with Traffic Light
  • Strong Regional Trade Area
  • Strong Demographics

Radius 1 mile 3 mile 5 mile
Population Density 3,993 69,056 213,680
Household Income $78,874 $85,365 $90,506
Daytime Pop 3,879 33,278 70,856

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