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MMCC Arranges Acquisition Loan for Detroit-Area Fresh Thyme Market
Marcus & Millichap Capital Corporation (MMCC) arranged a $4,755,000 loan for the purchase of Fresh Thyme Market, a natural food grocery store located at 15480 Sheldon Rd. in Northville, MI, within the Detroit metro area.
Chad O’Connor, executive managing director, capital markets, in the MMCC San Diego office, arranged the financing on the borrower’s behalf. The 10-year fixed-rate loan includes a 5.37% interest rate, 30-year amortization and a 45% LTV.
Built 2015, the 28,780-square-foot single-tenant building is a build-to-suit property for Fresh Thyme on a 7.57-acre lot. Fresh Thyme Market is a highly-regarded Midwestern grocer with 71 locations across 10 states. The property is strategically positioned at the intersection of Sheldon Road and Five Mile Road, providing strong visibility and easy accessibility.
“There continues to be strong interest in purchasing well-located retail assets in highly desirable U.S. markets,” said O’Connor. “We’re pleased to secure competitive loan terms with this transaction.”
- ◦Sale/Acquisition
- ◦Financing


