The Boulder Group is pleased to exclusively market for
sale a single tenant net leased Enterprise Rent-A-Car property located in an
affluent suburb of Detroit. Enterprise Rent-A-Car has successfully operated at
this location since 1994. The property is strategically located in close
proximity to many premium car dealerships including BMW, Mercedes Benz, Audi,
Range Rover, and Toyota. There are over five years remaining on the Enterprise
Rent-A-Car lease that expires December 31, 2020. The lease features 2% annual
rental escalations. Enterprise Rent-A-Car is the largest car rental brand in
North America with total revenue in excess of $18 billion.
The Enterprise Rent-A-Car property is strategically
located off of the heavily trafficked signalized intersection of Drake Road and
Grand River Road. The property is located across the street from a Busch’s
Fresh Market grocery store and Rite Aid anchored development. A recently
constructed McDonald’s and AutoZone are adjacent to the Enterprise to the
south. The Enterprise Rent-A-Car is centrally located amongst many car
dealerships including BMW, Mercedes Benz, Land Rover, Audi, Porsche, Jaguar,
Infinity, Ford, Toyota, Honda, Jeep and Dodge. There are over 68,000 people
living within a three mile radius of the property earning average annual
household incomes of approximately $95,000.
There are over five years remaining on the Enterprise
Rent-A-Car lease that expires December 31, 2020. The absolute triple net lease
features 2% annual rental escalations. Enterprise is the largest car rental
brand in North America with over 7,000 locations.
http://www.bouldergroup.com/NNN-Properties-For-Sale.html
