Listing Agency: Fortis Net Lease r***@fortisnetlease.com Show Phone

Listed By: Doug Passon · License #MI 6502361821

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:48PM

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Investment Insights

Based on property information with market context.

This NNN automotive property is occupied by Gerber Collision & Glass under a recently extended lease with a remaining term of ten years. The lease includes limited landlord responsibilities and is guaranteed by The Boyd Group (U.S.) Inc. Contractual rent increases of 10% are scheduled for July 2024 and July 2029.

The property occupies the northeast corner of Brown Road and Joslyn Road in Orion Township, Michigan. Brown Road carries 13,000 VPD, while Joslyn Road carries 15,000 VPD. The site is positioned within a retail corridor that includes Best Buy, Kohl’s, Michael’s, Dollar Tree, Panera Bread, Staples, Home Depot, Sam’s Club, and Costco.

Key Highlights

• Gerber Collision & Glass occupies the property under an extended ten‑year NNN lease
• Lease guarantee provided by The Boyd Group (U.S.) Inc.
• 10% rent increases scheduled for July 2024 and July 2029

Property Analytics

Property Profile

Current Use

Glass America Auto Repair Shop Gerber Collision & Glass Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Hair Salon Storage Facility Nail Salon HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

185

Businesses Nearby

504k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 24% Superstores 19% Shops & Services 19% Dining 16%

Meijer Groceries

120,799 visits/mo 0.2 miles

Sam's Club Superstores

98,259 visits/mo 0.1 miles

Topgolf Leisure

70,745 visits/mo 0.5 miles

Sam's Club Gas Station Shops & Services

39,140 visits/mo 0.1 miles

The Home Depot Home Improvements & Furnishings

35,782 visits/mo 0.2 miles

Demographics for 48359, MI

9,939

Population

4,477

Households

2.2

Avg Household Size

36

Median Age

52%

College-Educated

92%

High-School Grad

10.9 sq mi

ZIP Area

912

Density / Sq Mi

$94,618

Median Household Income

$50,657

Median Earnings

$1,360

Median Rent

$329,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Extended NNN lease with limited landlord obligations and scheduled percentage rent increases.

Where is this nnn property located?

The property is located at 921 Brown Rd Orion Twp, MI.

What are key features of this property?

This property features: Gerber Collision & Glass occupies the property under an extended ten‑year NNN lease; Lease guarantee provided by The Boyd Group (U.S.) Inc.; 10% rent increases scheduled for July 2024 and July 2029