- EXCEPTIONAL LOCATION / UNIVERSITY OF MICHIGAN, NORTH CAMPUS:
The subject property is adjacent to the University of Michigan North Campus. The University of Michigan boasts over 45,000 students at their Ann Arbor Campus, and is within a 5 minute walk of Bursley Hall Dormitory (1,300 students), and Courtyard Apartments (896 bedrooms)
- LONG TERM TENANCY:
80% of the rent roll expires 2030/2031 offering ownership long term tenant stability at this site.
90% of the tenants have been operating in the center for 10+ years
- INTERNET RESISTANT TENANTS:
The shopping center is comprised of service tenants at the site which caters well to the surrounding student population.
- ATTRACTIVE LEVERAGED RETURNS, VALUE-ADD POTENTIAL:
The current capital markets will give investors different options for achieving attractive leveraged returns.
- CANNABIS LICENSE:
The cannabis license of Cloud Cannabis Co. stays with the property and not the operator should the tenant ever vacate.