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.