Art Van Pure Sleep

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Art Van Pure Sleep

806 S. Main Street Lapeer MI Lapeer County

Sales Price: $1,092,857

Cap Rate: 7.00%

Lease Expiration: 9/30/2026

Contact Person(s): Louis J. Ciotti
Scott Sonenberg
Anthony J. Vitale

Description:

WELL LOCATED REAL ESTATE

  • The subject property is located on the main north/south thoroughfare in the Lapeer trade area with two points of ingress/egress. The parcel is shadow anchored by Meijer and in immediate proximity to Home Depot, Kohl’s, Aldi, Marshalls, Michaels, Kroger, and Walmart.

EXCELLENT CREDIT TENANT

  • Art Van Furniture Inc. is a privately held company that started in 1959. They currently operate 189 stores in multiple states and was acquired in 2017 by Thomas Lee Partners (a Boston based private equity firm).

Building Size: 4,450 SF

Lot Size: 0.47 acre

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 3,460 15,663 23,589
Avg. HH Income: $52,701 $59,939 $70,386
Daytime Population: 4,847 12,050 12,856

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.