4150 Wilder Rd
Bay City, MI 48706
Art Van Furniture: Bay City, MI · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 44,529-square-foot free-standing Art Van Furniture situated on 4.8 acres in Bay City, MI, which is a component of the Saginaw-Midland-Bay City Combined Statistical Area (Population: 385,015), also known as the Greater Tri-Cities region. Art Van' s absolute NNN lease has 19.5+ years of primary term remaining with attractive annual rent increases (lesser of 1.25x CPI or 2%) and four 5-year options to renew. Built in 1995 and recently renovated in 2015, this store has a proven performance history with attractive rent-to-sales and EBITDA coverage ratios. The site is strategically located with excellent access and visibility along Wilder Road (Traffic Count: 34,990 VPD), just 3 miles east of Interstate 75 (Traffic Count: 53,500 VPD). Art Van is also immediately adjacent to ABC Warehouse, Mattress Firm and Soldan' s Pet Supplies, and across Wilder Road from the 530,000-square foot Bay City Town Center (Anchors: JC Penney, Younkers, Marshalls, Ollie' s Bargain Outlet, PetSmart and Dunham' s Sports). In total, there is 4.0 MSF of retail, 1.0 MSF of office, 1.3 MSF of industrial, and 1,679 multifamily units within a 3-mile radius. This store is part of a larger 6-asset Art Van Furniture Master Lease Portfolio. For more information, contact Will Pike.