Joann Fabrics and Crafts

600 Brown Road, Auburn Hills, MI
$7,550,265 · 6.50% CAP · 9 Yr. Lease · Single Tenant Net Lease
Available

Location

600 Brown Road, Auburn Hills, MI

Price: $7,550,265
CAP Rate: 6.50%
Net Operating Income: $490,767
Square-Footage: 44,015
Lot Size: 3.62 AC
Year Built: 2000

The subject property is a Jo-Ann Fabrics located in Auburn Hills, Michigan. The property sits next door to Target and benefits from the surrounding neighboring retailers including two regional malls.

This absolute net leased opportunity includes a 3.62 acre parcel with a 44,015 square feet of gross leasable area. There are nine years remaining on the initial term. The tenant has scheduled increases in rent throughout the base term and during the two 5 year option periods.

Auburn Hills is a city in Oakland County, in the U.S. state of Michigan. The population was 21,412 at the 2010 census. It is home to the world headquarters of Chrysler, The Palace of Auburn Hills, and Oakland University.

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Presented By

Kase Abusharkh

Founding Principal

925.348.1844
925.406.0813
BRE# 01311211

Kase Abusharkh, a native of San Francisco, CA, is a graduate of Sacred Heart Cathedral Preparatory in San Francisco, CA, and St. Mary's College of California. Mr. Abusharkh has 16 years experience in commercial real estate finance, acquisition, disposition and..

Jacob Abusharkh

Managing Principal

415.269.2474
925.406.0813
BRE# 01385529

Jacob Abusharkh is the Managing Principal and co-founder of The Kase Group (TKG). TKG specializes in the sale of single and multi-tenant net leased retail and industrial assets across the country. Prior to going independent of SVN, TKG was one..

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