Kohl's NNN Property For Sale — Westland, MI
35000 Warren Road, Westland, MI 48185
This Kohl's property presents an excellent investment opportunity with an absolute triple-net, corporate guaranteed ground lease. The 90,860 square foot building has 11 years remaining on its current lease, with four renewal options of 5 years each. This location is a top-performing store in Michigan, benefiting from a prime, high-traffic location at the signalized intersection of Warren Road and N. Wayne Road, boasting over 60,000 vehicles per day for exceptional visibility and accessibility. The surrounding area features numerous national and credit tenants, including major retailers, enhancing the property's strong trade area and long-term investment appeal.
- Address: 35000 Warren Road, Westland, MI 48185
- Asking price $14.00M
- 8.11% cap rate
- NOI $1.14M
- 11 years remaining
- NNN lease
- Year built: 1987
- Building size: 90,860 SF
- Lot size: 8.35 acres
- Guarantor: Corporate
Location
This Kohl's property is at 35000 Warren Road in Westland, Michigan.
Asset type: Retail