29691-29701 7 Mile Rd
Livonia, MI 48152
Livonia Market - LA Fitness Pad Site · Retail Property For Sale

Marcus & Millichap is pleased to present the new construction Livonia Market II in Livonia, Michigan, 20 miles North of Detroit. THE ASSET FEATURES 10-YEAR LEASES WITH ALL THREE TENANTS. THERE IS A HEDGE AGAINST INFLATION WITH INCREASES OVER THE BASE TERM. Mattress Firm has a 10 percent rent bump in year 6, AT&T has a 6.5 percent rent bump in year six, and SVS Vision has 1.5 percent annual increases. Mattress Firm is corporately guaranteed by Mattress Firm Holding Corp, who operates more than 3,200 stores across the United States. MWT LLC, is a franchisee operator with more than 30 locations. SVS Vision is a local concept with more than 50 locations across Michigan. The subject property is ideally located along Seven Mile Road; this heavily trafficked corridor sees more than 19,000 vehicles per day (VPD). Livonia Market Center II is also surrounded by 650,000 square feet of retail, national anchors include Walmart, LA Fitness, and Art Van Furniture. This is also a strong demographic area with more than 250,000 residents within five miles. Additional tenants in the immediate vicinity include: Art Van Furniture, Boston Market, Pet Supplies Plus, Bank of America, Sonic, Dollar Tree, Petco, Wendy’s, Arby’s, Burger King, Advance Auto Parts, CVS, Jimmy John’s, and many more.