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35000 W Warren Rd
Westland, MI 48185
Kohl's · Retail Property For Sale
Investment Highlights
- Absolute NNN Ground Lease - Zero landlord responsibility
- Long Term Lease - 12+ years remaining with 4 (5-year) options
- The subject property anchors Westland Shopping Center - a strong and growing regional shopping center with over 100 (mostly national) retail tenants
- Corporate Guaranteed - Lease is corporate guaranteed by an investment grade tenant - Kohl's (S&P : BBB+)
- Lease features 4.6% rental increases every 5 years throughout the initial term and at the beginning of each option period
- Dynamic offering opportunity for investor to employ numerous business plans
Property Facts
Property Type
Retail
Property Subtype
Department Store
Building Size
90,860 SF
Building Class
B
Year Built
1987
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
8.35 AC
Zoning
CB-3 - General Commercial Business District
Parking
227 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Security System
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 56-015-99-0011-704 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,039,100 |
Property Taxes
Parcel Number
56-015-99-0011-704
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,039,100
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