27600 Novi Rd, Novi, MI 48377

Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Michigan, Inc., has been exclusively retained on behalf of the owner to sell the 100% fee simple interest in a three-tenant building leased to Dick's House of Sport, Primark, and Round1 Entertainment at Twelve Oaks Mall in Novi, Michigan. All three tenants recently signed long-term leases for some of their first locations in Michigan and the Midwest region. These experiential sports, apparel, entertainment, and food & beverage tenants are complemented by Twelve Oaks Mall's unbeatable national retail and restaurant line up featuring Nordstrom, Apple, Lululemon, Crate & Barrel, Pottery Barn, Williams-Sonoma, Macy's, and others. The offering presents a rare opportunity to acquire an institutional quality multi-tenant retail investment backed by long-term leases with global, experiential strong credit brands.

Featuring brand new long-term leases with Dick’s House of Sport, Primark, and Round1 Entertainment and situated abutting the Twelve Oaks Mall as a redevelopment of its former Sears anchor, the subject offering enjoys a vibrant rent roll, cross-traffic with one of the two top enclosed super regional malls in the State of Michigan, and desirable positioning at the heart of one of Metro Detroit’s most active retail corridors. This institutional quality investment benefits from its exceptional positioning adjacent to the Class A Taubman-owned Twelve Oaks Mall, which features leading national tenants that include Nordstrom, Apple, Lululemon, Macy’s, Pottery Barn, Williams-Sonoma, and others. Twelve Oaks Mall is a top regional mall in Michigan with tenant sales in excess of $750 PSF and more than 3.6 million annual visits. The regional trade area is home to tenants such as Nordstrom Rack, Burlington, Marshalls, HomeGoods, TJ Maxx, Sierra, Walmart, The Container Store, Ulta, and many others that benefit from its broad draw given its proximity to major thoroughfares such as 12 Mile Road, Michigan Highway 5, and Interstates 96, 696, and 275. The surrounding Novi market features upper middle-class demographics with 173,000 residents within a five-mile radius earning an average household income of $139,500 and enjoying median home values of $400,000. The daytime population grows by over 50% in the same radius, underscoring the captive base of regular customers surrounding the center, which serves as the dominant destination for retail, entertainment, dining, and lifestyle shopping.