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Kohl's Ground Lease w/over 11 Years Remaining 35000 W Warren Rd 90,860 SF Retail Building Westland, MI 48185 $14,000,000 ($154.08/SF) 8.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Kohl’s recently renovated in 2021, showcasing its commitment to the site
- This location includes an in-store Sephora, which enhances cross-traffic and broadens customer demographics
- Located at the signalized corner of Warren Road and Wayne Road, the property boasts 60,000 VPD, offering unmatched visibility and accessibility
- Inflation hedge increases every 5 years & no landlord responsibilities
- Over 814,000 residents and an average household income exceeding $92,000 create a powerful consumer base, driving demand & long-term retail stability
- With 800'+ of frontage along 2 major roads, the property offers prominent pylon & monument signage to enhance tenant visibility & consumer recognition
EXECUTIVE SUMMARY
The property is well located in a prime high-traffic location at the signalized corner of Warren Road and N. Wayne Road and boasts 60,000+ VPD, offering unmatched visibility and accessibility.
A variety of national and credit tenants are within close proximity including Walmart Supercenter, Target, Lowe's, Home Depot, Dick's Sporting Goods, Meijer and Best Buy.
PROPERTY FACTS
AMENITIES
- Security System
- Signage
- Monument Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
Kohl’s is a leading omnichannel retailer dedicated to delivering great products, exceptional value, and a seamless shopping experience. With over 60 years of service to families of all shapes and sizes, Kohl’s is driven by its purpose: to take care of families’ realest moments. Built on a foundation of strong values, Kohl’s associates embody the company’s CARE principles—Customer First, Accountable, Resourceful, and Empathetic—which guide their actions every day. Uniquely positioned to meet the evolving needs of its customers, Kohl’s remains committed to making a meaningful impact in the lives of the families it serves.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 56-015-99-0011-704 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,039,100 |
PROPERTY TAXES
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Kohl's Ground Lease w/over 11 Years Remaining | 35000 W Warren Rd
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