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34417900
34417899

10150 Michigan 59, White Lake, MI 48386 For Sale

CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
Listed by Matthews
Unpriced
3 days on market
Updated 2 days ago

Tractor Supply - Early 10 Year Extension

Details
Property Type Retail
Square Footage 19,097
Cap Rate 6.15%
Tenancy Single
Brand/Tenant Tractor Supply
Lease Type NN+
Remaining Term 12.2
Rent Bumps Yes
Price per SqFt $272
Broker Co-Op True
Year Built 2013
Acreage 6.120
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

Early Lease Extension — 12+ Years of Tractor Supply Income in Affluent Detroit Suburb

Investment highlights

• Strategically located on Highland Road (M-59), one of Oakland County's primary east-west commercial corridors, the property benefits from exceptional visibility, accessibility, and daily consumer traffic. White Lake Township continues to experience steady residential growth while serving as a desirable suburban community within the greater Detroit metropolitan area. The location offers convenient access to surrounding affluent communities including Commerce Township, West Bloomfield, Waterford, Highland, and Milford.

• The property serves a densely populated trade area characterized by above-average household incomes, strong homeownership rates, and a large base of rural lifestyle and hobby farm consumers. The combination of suburban density and acreage-oriented residential development creates an ideal customer profile for Tractor Supply's core product offerings.

• Leased to Tractor Supply Company, America's largest rural lifestyle retailer and a publicly traded, investment-grade company generating approximately $15.52 billion in annual revenue. The White Lake location benefits from a well-established operating history and serves as a key destination for pet, livestock, home improvement, lawn and garden, and agricultural products throughout western Oakland County.

• Tractor Supply operates more than 2,500 stores nationwide and remains the clear market leader in the rural lifestyle retail sector. The company's focus on essential-use merchandise, including pet supplies, animal feed, hardware, outdoor power equipment, and home maintenance products, supports consistent consumer demand across economic cycles.

• The property is positioned within White Lake's dominant retail corridor and benefits from proximity to numerous national and regional retailers including Lowe's, CVS Pharmacy, Dunkin', Kroger, Meijer, Aldi, Home Depot, Walmart, and additional destination-oriented retail throughout the M-59 corridor. This concentration of complementary retailers drives consistent traffic and reinforces the corridor's long-term retail strength.

• Oakland County is consistently recognized as one of Michigan's most affluent and economically stable counties. Limited availability of well-located commercial sites, strong residential demand, and ongoing suburban growth support long-term retail fundamentals and create meaningful barriers to entry for future competing development.

• Tenant exercised an early 10 year lease extension, with over 12 years remaining today, demonstrating their long term commitment at the site.

Listing Contacts

CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
Listed by Matthews

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Additional Information

Name
Matt Fitzgerald
License
6502432668, 6505432273 (MI)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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