Available For Sale - Retail

9,100 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
9,100 SF
Price/SF
Show Pricing $
Listing ID
SA435503
Notes
Cap Rate 6.25%

NOI $87,480

Building Size 9,100 sqft

Lot Area 3.7 acres

Lease Type Absolute Net

Year Built 2020

Price Per Sqft $153.81



INVESTMENT HIGHLIGHTS

• Absolute NNN Lease | Zero Landlord Responsibilities

• Brand New Construction | 15 Year Term

• Four (5 Year) Options | 10% Rental Increase at Each

• Three Mile Household Income $66,941

• Ten Mile Population 31,755

• 3,400 Cars Per Day on Northland Drive

• 14,000 Cars Per Day on Hwy 131 | 3,400 Cars Per Day on 8 Mile Rd

• Investment Grade Dollar Store with ""BBB"" Credit Rating

• DG Reported 30 Consecutive Years of Same Store Sales Growth

• No Competition Within 6+ Miles

• Only 7 Miles from Ferris State University
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Bryan Bender, Fortis Net Lease