Golf Galaxy (Dick’s Sporting Goods Credit)

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Golf Galaxy (Dick’s Sporting Goods Credit)

15300 Hall Road Clinton Township MI Macomb County

Sales Price: $4,099,000

Cap Rate: 6.20%

Lease Expiration: December 31, 2026

Contact Person(s): Louis Ciotti

Description:

NEWLY REMODELED
Brand new Golf Galaxy location, formerly Golfsmith, recently acquired by Dick’s Sporting Goods and converted to Golf Galaxy in May of 2017.

QUALITY REAL ESTATE
The asset is situated along Hall Rd (M-59), the area’s primary thoroughfare with traffic counts exceeding 100,000 vehicles per day.

RENT INCREASES
Rent increases are scheduled in January of 2020 and January of 2023.

Building Size: 19,042 SF

Lot Size: 1 acre

Traffic Count: Hall Road = 79,557 cpd

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 14,141 113,476 262,225
Avg. HH Income: $63,325 $86,128 $88,005

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.