Burton-Flint, MI - Rock Bottom Stone Supply
$3,948,000
2586 S Milford Rd, Highland Township, MI 48357
7.75
Cap Rate
183,713
NOI
Details:
Description:
• The offering spans across 9 parcels located in Burton and Flint Michigan and totals 21.49 acres
• The tenant has over 4 years of firm term remaining with 2 (5-year) options to extend
• The lease features 2% annual rental increases throughout the initial term and option periods, providing a hedge against inflation for a future investor
• The lease is signed by Heritage Landscape Supply which operates 220+ branches across 36 states and is a wholly owned subsidiary of SRS Distribution
• In 2024, SRS Distribution was acquired by The Home Depot for approximately$18.25 billion (see page 27 for more details).
• The asset is located along South Dort Highway, an arterial thoroughfare that supports more than 12,000 vehicles per day
• The subject property benefits from nearby access to South Center Road
(20,600 VPD), East Bristol Road (12,200 VPD), and Hemphill Road (7,900 VPD), making this an ideal centralized location with easy commutes
Location
Gallery