Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate


Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement I accept the confidentiality agreement

Key Facts

Year Built 1987
Building Area
Land Area

Property Description

Art Van, a single-tenant furniture store is up for sale in Westland, Michigan, part of the Detroit MSA. A leading furniture retailer with over 200 stores concentrated in the Midwest, it possesses an impressive track record of corporate sales growth and customer loyalty. The tenant committed to a brand new 20-year absolute NNN lease at this location approximately two and a half years ago, and investors will benefit from the 17.5 years of contractual lease term remaining. Additionally, the 2.0% annual rent escalations provide income growth throughout the term and are designed to hedge against inflation. The highly-flexible 5.2-acre property is in a strong retail trade area proximate to Westland’s main shopping center, just 15 miles from downtown Detroit. 

Investment Highlights

  • Fee Simple Interest
  • Dominant mid-western furniture retailer
  • Fully guaranteed absolute NNN lease, no landlord responsibilities
  • Demographically strong retail location in revitalized Detroit MSA
  • Growth focused private equity sponsorship since 2017
  • Part of the largest Detroit retail sub-market by inventory, under construction SF, and prior 12-month net absorption
Peter Bauman
Sr. Director
Larry Emmons
Managing Director

There was an error submitting your request. Please try again, or submit you inquiry here.



Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.