Joann

Highlights:

• STRONG RETAIL LOCATION The subject property sits adjacent to a well-performing Target and across from a Meijer. Other big box retailers anchor the corridor including Costco, Sam’s Club, Best Buy, and Home Depot JOANN sits across from Great Lakes Crossing Outlet Mall-one of Michigan’s best performing regional malls.
• ESTABLISHED LOCATION WITH RENT INCREASES JOANN has been at this location since 2000, and has maintained strong sales. Over seven years of term remain on this lease with attractive lease bumps running through both option terms.
• HIGH TENANT DEMAND Several big box users have expressed interest in this coveted retail corridor creating high demand for this location in the future.
• EASY ACCESS OFF OF I-75 Subject property has easy access to I-75 (93,800 cars per day) through Brown and Joselyn Roads. I-75 remains one of Metro-Detroit’s busiest highways.
• PUBLICLY TRADED COMPANY JOANN Inc, recently became a public company and is currently listed on the Nasdaq under JOAN.

Description:

Property is for sale or lease - Contact broker for details
JOANN Fabrics - Target Shadow anchor - Auburn Hills, MI - $127K Household Income (1 mile)

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