Twelve Oaks Mall

Highlights:

• STRONG CREDIT RENT ROLL | OUTSTANDING TENANT LINEUP | NEW-TO-MARKET RETAILERS | 1st or 2nd LOCATIONS IN MICHIGAN
• Dick’s House of Sport: 37% of in-place gross income stream | 15-year lease | $0.50 PSF rent escalations every 5 years
• Primark: 35% of in-place gross income stream | 10-year lease with 2% annual rent escalations | corporate guaranty 26 US Stores in 12 states and 60 US stores planned by end of 2026
• Round1 Entertainment: 28% of in-place gross income stream | 15-year lease with 10% rent escalations every 5 years
• UNRIVALED LOCATION AT HIGHLY VISITED 1.5M SF SUPER-REGIONAL MALL | HEART OF REGIONAL TRADE AREA

Description:

Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Michigan, Inc., has been exclusively retained on behalf of the owner to sell the 100% fee simple interest in a three-tenant building leased to Dick’s House of Sport, Primark, and Round1 Entertainment at Twelve Oaks Mall in Novi, Michigan. All three tenants recently signed long-term leases for some of their first locations in Michigan and the Midwest region. These experiential sports, apparel, entertainment, and food & beverage tenants are complemented by Twelve Oaks Mall’s unbeatable national retail and restaurant line up featuring Nordstrom, Apple, Lululemon, Crate & Barrel, Pottery Barn, Williams-Sonoma, Macy’s, and others. The offering presents a rare opportunity to acquire an institutional quality multi-tenant retail investment backed by long-term leases with global, experiential strong credit brands.

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