Home Depot - Dearborn, MI

Exceptional Credit Tenant – The Home Depot is the largest home improvement retailer in the world with about 500,000 employees and over 2,300 stores located in U.S., Canada, and Mexico. For the fiscal year of 2024, The Home Depot boasted sales of over 159 billion dollars and earnings of over 14 billion dollars while maintaining their A Credit rating.
Excellent Retail Synergy – Fairlane North shopping center demonstrates excellent retail synergy through the site’s strong shadow anchored tenants. These retailers include Walmart, Value City Furniture, Forman Mills, Launch Family Entertainment, and Crunch Fitness.
Strong Traffic Counts and Visibility – The site sits within an extremely dense residential corridor on the northwestern side of Dearborn MI and possesses strong traffic counts along Southfield Freeway (153,485 Vehicles Per Day) and Ford Road (64,570 Vehicles Per Day).
Surrounding Demographics – Dearborn MI is home to the Ford Motor Company’s world headquarters and The University of Michigan-Dearborn (8,104 students) allowing the city to boast very dense middle-class demographics. In a five-mile radius of the site, the city of Dearborn contains a population of 359,020 people and an average household income of $63,103.
Top Performing Store Per PLACER.AI – This store ranks in the top 6% in the state of Michigan, and top 19% nationwide of all the store metrics currently tracked by Placer AI. Contact Broker for more details.
Recent Lease Extension – In 2020 the tenant extended their lease an additional 8 years showing their commitment to the location, with 2.5 years remaining and eight, 5-year options.

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Matt Fitzgerald