43460 W Oaks Dr
Novi, MI 48377
Bob's Discount Furniture: Novi, MI · Retail Property For Sale

Premier Tenant: Bob’s Discount Furniture is a US based furniture retailer operating more than 120 retail locations in 18 states across the country as well as an expansive online store. Founded in 1991, the company specializes in selling a wide range of home furnishings and other goods including mattresses and home décor. Bob’s Discount Furniture has established a competitive advantage through strong customer loyalty and providing value with honesty and integrity. Net Lease: Built in 1986, Bob’s Discount Furniture’s newly-executed net lease features ±9.8 years of primary term remaining with three 5-year renewal options. Below Replacement Cost: This offering is an excellent opportunity to acquire a highly-desirable retail box at a price that is significantly below the replacement cost. Developable Pad Upside Opportunity: The parcel includes excess land that can be redeveloped in order to create additional upside. Bob’s Discount Furniture consented to the development in the lease which will significantly streamline the process. Furniture Hub: The immediate corridor is a destination furniture hub. In addition to Bob’s Discount Furniture, other retailers include Art Van, Ethan Allen, Value City Furniture, Gorman Furniture, Hagpian World of Rugs, La-Z-Boy, and Gardner White Furniture.