3960 Baldwin Rd Auburn Hills, MI 48326-1219

Property Details for 3960 Baldwin Rd

Year built

1999

Lot size

0.79 lot acres

Property size

6,020 SF

Zone code

B-2

Property type

Retail space

APN

02-14-05-176-009

APU

21405176009

Description

This exceptional investment opportunity presents a fee-simple interest in a 5,759 square foot Jared Jewelers store located in Auburn Hills, Michigan. The property, built in 1999, sits on a 0.79-acre lot and boasts 33 parking spaces. Currently operating under a 100% occupied, Absolute NNN lease with a corporate guarantee from Sterling Jewelers Inc. (dba Jared Jewelers), the lease extends through December 2029, with a built-in 90% Fair Market Value rental increase at the start of the next option period. The property enjoys a prime location as an outparcel to the Great Lakes Crossing Outlets, benefiting from high visibility and traffic counts on Baldwin Road and Interstate 75. The strong tenant, a leading national jeweler, is supported by a dense retail trade area and an affluent residential population within a 5-mile radius, boasting an average household income exceeding $100,890. The property generates a substantial Net Operating Income (NOI) of $263,900, representing a 7.00% cap rate on the asking price of $3,770,000. This management-free investment offers significant long-term growth potential and stability due to the strength of the tenant, lease terms, and location within the Detroit MSA. The property's proximity to major employers and residential communities ensures a consistent stream of customers. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment in a thriving market.

Location Insight

City

Auburn Hills

County

Oakland

State

Michigan

Longitude

-83.306

Latitude

42.7022

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments