Jimmy Johns – Cosmo | Shelby Township, MI

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

47450 Van Dyke
Shelby Township, MI 48317

  • Price: $1,608,900
  • Cap. Rate: 6.50%
  • NOI: $104,580
  • Building Size: 5,100SF
  • Lot Size: .95 AC

Investment Highlights

  • Brand New Ten (10) Year Leases With (2) Five Year Options to Renew
  • Both Have 10% Bumps on First Day Starting Year Six
  • New Development - Built in 2017
  • Jimmy John's was named #1 on the Entrepreneur 2016 Franchise 500
  • CosmoProf is a Full-Service Distributor Offering Exclusive Salon Products and Equipment to Licensed Professionals in the Salon and Spa Industry - Over 1,150 Company Owned Stores in the US - Guaranteed by Sally Beauty Supply
  • Both Tenants are Triple Net Leases - Zero Landlord Responsibilities
  • 29,000+ Vehicles Pass by the Subject Property Per Day
  • Surrounded by National Retailers Including: O’Reilly Auto Parts, Tim Horton’s, McDonalds, Taco Bell, Comerica Bank and Many More
  • Average Household Income Exceeds $84,000 Within a Five Mile Radius