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 4,001 69,614 215,336
Household Income $75,274 $70,429 $75,016
Daytime Pop 4,998 35,189 76,579

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