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1369 Division St 101,287 SF 100% Leased Retail Building Adrian, MI 49221 $10,569,000 ($104.35/SF) 6.15% Cap Rate
EXECUTIVE SUMMARY
offer the opportunity to acquire a freestanding
Lowe’s Home Improvement located at 1369 Division
Street in Adrian, MI. The property is leased to Lowe’s
under a long-term NN lease with more than 15 years
of remaining primary term. The lease includes six (6)
five-year renewal options with rental escalations,
providing investors with durable income growth
backed by an investment-grade guarantor.
Strategically positioned within Adrian’s dominant
retail corridor, the property benefits from proximity
to Walmart Supercenter, Meijer, Menards, Hobby
Lobby, and other national retailers that draw
consistent regional traffic. Adrian, serves as
the area’s economic hub and is supported by
institutions such as Adrian College, Siena Heights
University, and ProMedica Charles & Virginia
Hickman Hospital. With a regional population
base exceeding 90,000 residents, the Lowe’s
location serves as the primary home improvement
destination for the trade area. The combination
of a nationally recognized credit tenant, a large
land parcel exceeding 18 acres, and strategic
positioning in the Adrian MSA makes this offering a
rare opportunity to acquire a secure, long-term net
lease asset in a stable Michigan market.
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $6.42
- Triple Net
- Aug 2041
Lowe’s Companies, Inc. is a Fortune-ranked home improvement retailer dedicated to helping homeowners, renters, and professionals enhance their spaces. The company provides a wide range of products for construction, maintenance, repair, remodeling, and decorating, including appliances, tools, hardware, lumber, flooring, paint, and garden supplies. Lowe’s also offers installation services, extended protection plans, and online shopping through its website and mobile apps. Guided by its mission to deliver quality and value, Lowe’s focuses on innovation, customer service, and creating a seamless omnichannel experience.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $6.42 | Triple Net | Aug 2041 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | XA0-100-0336-02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,684,600 |
PROPERTY TAXES
CONTACTS
-
David Hoppe -
Danny Griffin -
Eric Suffoletto -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
Presented by
1369 Division St
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