LEASE - Tenant recently extended its Lease term early, offering a strong commitment to this site long term - There are now over 13 years of primary term remaining with a secure corporate Lease - Rent increases 15% in first renewal option which will increase property value - All CAM is managed by a third party with a management fee already baked into the NOI, offering hassle free ownership - Tenant reimburses for all parking lot and roof repairs, leaving replacement as the only true Landlord responsibility PROPERTY - 18,349 SF building on 3.320 acres with plenty of parking - End cap adjacent to a Kohls Department store - Property is located at a signalized intersection with 4 points of easy ingress/egress - The site is surrounded by retailers in all directions and shares the intersection with Birchwood Mall - Notable retailers in the immediate vicinity include Target, Home Depot, Lowe’s, Walmart, and Meijer - This asset is in the middle of the local retail corridor and offers excellent tenant demand long term TRADE AREA - Fort Gratiot is part of the Port Huron, MI area which contains over 100,000 people, offering a stable retail customer base - Port Huron is only 60 miles north of Detroit and acts as a vacation town to many of the 4.1 million MSA residents - The area is located on Lake Huron right on the United States and Canadian border - The Port of Port Huron acts as a major US shipping port with over $57 billion in imports (2023) annually - Port Huron is the 9th largest exporter out of 385 nationally - Exports from this area go to Canada, the UK, Germany, Netherlands, and Belgium making it a very important shipping port