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16400 Racho Boulevard
Asset ClassIndustrial, Data Center, Hotel & Hospitality, Land, Mixed Use, Multifamily, Office, Retail, Self Storage
overview of deal

Overview

Avison Young’s Industrial Capital Markets Group is pleased to offer 16400 Racho Boulevard, a premier 11.67-acre industrial outdoor storage (IOS) site located with frontage directly off the I-75/ Route 24 exit in the Detroit metropolitan area with accessibility to I-75, I-94, I-275 and Detroit Metropolitan Airport.

 

CLI Transport, LP, a Sheetz dedicated carrier, just signed a long term lease on the site and is in the process of a significant renovation of the IOS space. The site consists of an assemblage of three parcels and one 5,700 square feet building. The property is equipped with 7 acres of asphalt paved parking/storage areas, perimeter fencing, an electronic controlled gate, and a lighted yard.

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Investment Highlights

  • 100% net leased to CLI Transport, a dedicated Sheetz carrier, with 10 years lease term remaining
  • Sheetz, with 2024 revenues of $14 billion, ranked as the 30th largest private company in the US according to Forbes
  • Long-term stable cash flow with 3% annual escalations
  • CLI transport uses this mission critical IOS asset to support Sheetz’s growth into 50-60 retail locations across southeast Michigan over the next 5-6 years
  • High barriers to entry due to stringent IOS zoning restrictions
16400 Racho BlvdTaylor, MI 48180

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Listing provided by Revere CRE