American Freight

28300 Schoolcraft | Livonia | MI | 39201


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Property Highlights

    • American Freight Corporate Lease
    • Absolute Triple Net Lease with recent lease extension and annual rent increases
    • A short distance from Ford Motor Co and Penski facilities
    • Surrounded by major, national retailers
    • 5-mile radius: 290,000 +/- people

Property Details

  • Price: $ 2,886,500
  • Transaction Type: For Sale
  • Property Type: Retail
  • Building Size: 24,000 SF
  • Lot Size: 2.60 AC
  • Cap Rate: 6.50%
NOI : $187,624

Property Description

HMX Realty Advisors exclusively presents for sale this 24,000 s/f building which is lease to American Freight. The property is located on Schoolcraft Road, just off the heavily traveled I-96. The property is surrounded by all the major, national retailers as well as millions of square feet of industrial manufacturing and distribution space. Business in the immediate area include Ford Motor Co.’s transmission manufacturing plant, Penski distribution, Home Depot, Costco and Wal-Mart among many others. Within a 5- mile radius of the property, there are over 290,000 +/- people with and average household income of $73,000+. In August of 2021, American Freight extended their lease extending their commitment to this location.

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Financial Summary

Investment Highlights

Price $2,886,500.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $2,886,500.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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