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5951 Mercury Dr
Dearborn, MI 48126
The Home Depot · Retail Property For Sale
Investment Highlights
- Exceptional Credit Tenant – The Home Depot is the largest home improvement retailer in the world with about 500,000 employees and over 2,300 stores
- Strong Traffic Counts and Visibility – The site sits within an extremely dense residential corridor on the northwestern side of Dearborn, MI
- Top Performing Store Per PLACER.AI – This store ranks in the top 6% in the state of Michigan, and top 19% nationwide of all the store metrics
- Excellent Retail Synergy – Fairlane North shopping center demonstrates excellent retail synergy through the site’s strong shadow anchored tenants
- Surrounding Demographics – Dearborn, MI is home to the Ford Motor Company’s world headquarters and The University of Michigan-Dearborn
- Recent Lease Extension – In 2020 the tenant extended their lease an additional 8 years showing their commitment to the location
Executive Summary
Broker of Record
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
111,805 SF
Building Class
B
Year Built
1993
Price
$13,852,000
Price Per SF
$123.89
Cap Rate
5.65%
NOI
$782,635
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.20
Lot Size
12.90 AC
Zoning
BB
Parking
758 Spaces (6.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 32-09-123-02-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,319,100 |
Property Taxes
Parcel Number
32-09-123-02-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,319,100
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