15701 Market Dr, Dearborn, MI 48126

The subject asset is 73,400 square feet and is 100% leased to The Dufresne Spencer Group, LLC (“DSG”), one of Ashley HomeStore’s largest licensees. Ashley HomeStore (“Ashley”) is the world’s leading manufacturer and distributor of furniture with over 75 years of operating history. DSG recently executed an 8-year triple net lease at a rate of $8.75 per sq. ft., which escalates annually. The triple net lease states the tenant’s responsibility for all operating expenses pertaining to the property, with the exception of repair/replacement of roof, outer walls, parking lot, utility lines, and life-safety systems. Between the landlord and tenant, approximately $19.00 per sq. ft. is currently being invested into the building. Updates include parking lot work, masonry repairs, electrical upgrades, interior improvements, and more.