15-year absolute net lease with rental increases every 5 years |
2024 build-to-suit construction to tenant’s latest prototype |
Outparcel to The Lakes Mall with direct ingress/egress from Harvey Street – 22,875 VPD |
The Lakes Mall is a 645,000 SF regional mall subject to 3.2M annual visitors, which ranks in the 90th percentile of malls in Michigan per Placer.ai |
Experienced Take 5 operator that previously worked for Take 5 corporate for 20 years (16-unit franchisee with locations in IL and MI) |
Zero maintenance/expense obligations for the landlord making this a truly “hands-off” investment |