Heritage Landscape Supply | SRS Distribution
Low Price/AC | 8.00% CAP | Industrial Outdoor Storage (IOS) | Corporate Signature
Marketing description
Introducing a rare investment opportunity in Michigan! Presenting a two-property portfolio featuring Heritage Landscape Supply Group, Inc., operating as "Rock Bottom Stone Supply." The first property located at 4057 & 4307 S. Dort Highway, Burton & Flint, Michigan, offers 9,000 SF on 21.49 acres, priced at $3,948,000. Benefit from a solid NN lease, with a lease term of 4.33 years remaining and a NOI of $306,000 annually, providing a 7.75% cap rate. Rental increases planned through 2028 ensure a reliable income stream. These properties offer a fantastic investment with a reputable tenant under a secure lease. Contact us to capitalize on this exceptional investment opportunity!
Investment highlights
Over 4 Years Remaining | 2% Annual Increases | 2 (5-Year) Options | Parent Company Recently Acquired by Home Depot (NYSE: HD)
2% annual rental increases throughout the initial term and option periods
Signed by Heritage Landscape Supply which operates 220+ branches across 36 states and is a wholly owned subsidiary of SRS Distribution
Low Basis & Below-Market Rents – Attractive blended basis of $243K/AC with in‑place rents of only $1,368/AC/MO - well below recent Midwest IOS trades that often clear $350K–$500K per acre and rents north of $2,000/AC/MO, offering strong downside protection and a highly replaceable rent
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
