NN Single Tenant Staples

Land Description

NN Staples with 6 Years Remaining Lease Term on 2.06 Acres

Investment Highlights

•New NN Lease Extension through April 2026

•Paying 100% of their contracted rent

•Strong tenant commitment - Staples has operated at this location since 1998

•Essential Business - During Covid-19 office supply chains have seen substantial uptick in sales in-store and digitally

•Located in the center of the retail corridor and surrounded by Meijer, Target, Kohl's, Home Depot, Walmart, Lowe's, and many more

Offering Details

Franklin Street in conjunction with RealINSIGHT Marketplace are pleased to present this Staples location in Midland, Michigan. Midland is part of the larger Saginaw-Midland-Bay City Msa, which includes 400,000+ residents. Midland has a strong growing economy mainly driven by the headquarters of Dow Chemicals and the ancillary businesses that support them. Dow Chemical's campus houses 6,000+ high paid jobs. Staples has been at this property since construction in 1998 and they recently extended their lease showing further commitment to the site. The location is extremely retail friendly with high visibility and strong traffic counts: 25,667 VPD on Eastman Ave The property is supported by a strong retail node and sits adjacent to the Midland Mall (500,000+ Sf). Staples' main competitor (OfficeMax) in the market recently closed, making them the only national office supply tenant in Midland. Midland was named the no. 4 Best Small City to raise a family in by Forbes magazine, and has an excellent average household incomes of $130,000.

Auctioneer: Jerry Helmer | Fisher Auction Company Inc. | License: