A 1,026,513-square-foot high-velocity parts distribution facility, purpose-built in 2021 and net leased to Ford Motor Company on the I-75 corridor between Detroit and Toledo.
8335 NORTH TELEGRAPH ROAD · NEWPORT, MI 48166
Watch the filmAn aerial and ground tour of the 1,026,513-square-foot facility, its dock courts, and the I-75 corridor that surrounds it.
Marketing film · Fortis Net Lease
Fortis Net Lease presents the opportunity to acquire a 1,026,513-square-foot single-tenant industrial distribution facility net leased to Ford Motor Company. Built to suit in 2021 on ±124.07 acres, the property anchors Ford's regional parts distribution network within the Detroit metropolitan industrial market.
The lease runs through December 2031 with four five-year renewal options and 2.0% annual rent increases. The tenant is responsible for taxes, insurance, utilities, and maintenance; landlord obligations are limited to replacement of the roof deck and roof assembly.
Net leased to Ford Motor Company (NYSE: F), the nation's top-selling truck brand, carrying investment-grade ratings from S&P and Fitch. Income backed by a tenant reporting $187.3B in 2025 revenue.
A net lease through December 2031 with four additional five-year options. Roughly 2.0% annual base-rent increases provide consistent contractual growth and a meaningful inflation hedge.
Tenant covers taxes, insurance, utilities, operating expenses, and a management fee equal to 1% of base rent. Landlord obligations are limited to the roof deck and roof assembly.
Positioned between Detroit and Toledo with access to I-275, US-23, two Class I railroads, and the Port of Monroe — in a submarket where industrial vacancy sits near 1.7% with nothing under construction.
36-foot clear height, 87 dock doors, four drive-in doors, 764 trailer positions, ESFR fire suppression, and full-building backup power — configured for efficient regional distribution.
Developed as a build-to-suit for Ford's high-velocity parts network. Its purpose-built configuration and Ford's significant investment in the site support durable, long-term occupancy.
Parts flow from aftermarket suppliers into Ford's 1.1 million SF packaging center eleven miles south at LaPlaisance, are re-packaged and light-assembled into OEM packaging, then move through Newport for high-velocity distribution across Ford's twenty-five-depot national service network. Both buildings were constructed to Ford and UAW specifications — not generic market standards — and Ford has installed roughly $100 million of its own, functionally immobile equipment across the pair.
Ford's first renewal option opens at $7.01/SF in 2032 and escalates at a fixed 2% — yet Ford itself set the market at $8.41/SF eleven miles away in 2024, and replacing this facility would require roughly $8.45–$9.10/SF to underwrite. The option is already 20–30% below the cost of building new, and the gap widens every year as market rents outrun the fixed escalator.
Read the full thesis →Same tenant, same corridor, same distribution mission. The two newer Ford buildings — the packaging center eleven miles south and the new facility going up directly across Telegraph Road — carry rents 32% to 43% higher per square foot than this listing. That gap is your embedded upside, and it is the clearest reason Ford cannot afford to leave.
Lease abstract, financials, and a full diligence package are available to qualified parties. Reach the Fortis Net Lease team to receive materials or submit an offer.