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57184 Lyon Center Dr
New Hudson, MI 48165
Retail Property For Sale
Investment Highlights
- Investment-grade Tractor Supply Co. with recent 10-year lease extension at 6.15% cap rate
- Located just off I-96 at Milford Rd interchange with ±109,000 VPD on I-96
- Affluent trade area with avg. household income of $145,259 within 3-mile radius
- ±$15.52B revenue tenant; Baa1/BBB credit rating with stable outlook
- Situated within Lyon Center alongside Lowe's, Walmart Supercenter, and Menards
- Surrounded by 887-home Kensington Ridge development and 100+ new construction homes nearby
Executive Summary
Broker Of Record
Matt Fitzgerald
Matthews Real Estate Investment Services, Inc
6502432668, 6505432273 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Matt Fitzgerald
Matthews Real Estate Investment Services, Inc
6502432668, 6505432273 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,075 SF
Building Class
C
Year Built
2010
Price
$5,386,797
Price Per SF
$282.40
Cap Rate
6.15%
NOI
$331,288
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.97 AC
Zoning
BV
Parking
120 Spaces (6.29 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 21-04-201-040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,209,140 |
Property Taxes
Parcel Number
21-04-201-040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,209,140
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