Auburn Hills, MI , 18.18M

NNN Lease – Landlord Responsible for Roof & Structure

Lease Term: 10 Years
Rent Commencement Date: June 1, 2025
Rent Increase: 2.75% Annually
Options: Two (2) 5-Year Options with Rent Increases
Lease Execution Date: June 2024

Permitted Use

• Storage
• Repair
• Modification
• Assembly
• Painting
• Washing
• Testing of passenger vehicles
• Any other lawful purposes

One-Time Termination Right

Tenant may terminate the lease at the end of the 88th full calendar month following the Commencement Date, provided that:
• At least 9 months prior written notice is given
• Tenant pays a termination fee equal to:
 (i) The first 9 months of Minimum Monthly Rent for Year 8
 (ii) The unamortized commissions paid by Landlord (with 8% annual interest)

Investment Highlights

• 10-Year Lease with long-term stability
• Proximity to I-75 (135,658 cars per day) for prime logistics and commerce access
• Brand-new construction — minimal landlord responsibilities
• 2.75% annual rent increases — hedge against inflation
• Two (2), 5-year renewal options
• Investment-grade tenant with corporate guarantee
• Landlord has the right to request guarantor financials

Building Use & Construction

• 94% Industrial (107,830 SF)
• 6% Office (7,000 SF)
• Building Built: 2022
• Ceiling Height: 32' Joist / 35' Deck
• Truck Wells: 2
• Dock Doors: 2 @ 14'
• Building Materials: Split Face Blocks & EFIS
• Roof: 4" Built-Up Insulation / EPDM / Rock
• Roof Warranty: 20 Years (Installed 2022)
• HVAC: 7 Units (New in 2022)
• Parking Lot: Asphalt Surface (New in 2022)
• Parking Spaces: 325
• Frontage: XXXXXXXXXXXXXX (2 curb cuts)

Tenant Commitment

• Tenant has invested over $10,000,000 into the property
• Demonstrates long-term commitment to both the building and the corridor
• Low replaceable rents — inquire for lease comps
• Flexible design supports potential future 2-story configuration

Location Advantage

• Oakland County – The strongest economic hub of Metro Detroit

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BIO

Contact broker for property address, photos, tenant name, and financials.

Investment Highlights

• Investment Grade Corporate Tenant
• $10,000,000+ Tenant Investment
• 2.75% Annual Rent Increases
• New Construction (Built 2022)
• 10-Year NNN Lease
• Two (2) Five-Year Renewal Options

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