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Auctioneer: Assets Now Properties

Auction Location:

1967 S Telegraph Rd
Bloomfield Hills, MI 48302

Auction Listing

1967 S Telegraph Rd - Village At Bloomfield
22,565 SF Retail Building Offered at $3,807,421 at a 4.5% Cap Rate in Bloomfield Hills, MI

HIGHLIGHTS

* 7.50% rental increases every five years
* Aldi corporate guarantee
* Absolute triple net ground lease with over 19 years of term remaining

THE OFFERING

Price - $3,807,421
Building Class - B
Sale Type - Investment or Owner User
Lot Size - 2.19 AC
Cap Rate - 4.50%
Gross Leasable Area - 22,565 SF
Sale Conditions - Ground Lease (Leased Fee) / Investment Triple Net
No. Stories - 1
Property Type - Retail
Year Built - 2019
Property Sub-type - Storefront

* Absolute triple net ground lease with over 19 years of term remaining
* 7.50% rental increases every five years
* Aldi corporate guarantee
* No landlord responsibilities
* Located within the 88-acre Village at Bloomfield master development
* Dense, affluent area | 156,000+ people with average household incomes in excess of $121,000 within 5 miles of Subject Property