Single Tenant Net Lease Burlington | Recently Opened Relocation Store in Michigan

Description:

• 10+ year net lease Burlington available in Michigan

• Recently opened relocation store (former Sports Authority) in newest store prototype

• Year 5 rent increase and percentage rent opportunity; no kickout, co-tenancy or termination clauses

• Virtually no Landlord responsibilities; Tenant can make direct CAM and Tax payments

• Located in high visibility center alongside best-in-class co-tenants such as ULTA, Five Below, DSW

• Credit rating recently upgraded to BB+

• $6.6 MM price = 7.0% cap rate