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    For Sale

    TWO NEW NET LEASED DOLLAR TREE STORE DEVELOPMENTS

    2545 S Schaefer Hwy & 422 N Saginaw
    Detroit/Holly, Michigan 48217/48442

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    For Sale

    TWO NEW NET LEASED DOLLAR TREE STORE DEVELOPMENTS

    2545 S Schaefer Hwy & 422 N Saginaw
    Detroit/Holly, Michigan 48217/48442

    - Property Information

    eCODE 621
    County: Wayne/Oakland
    Property Type: Retail
    Total Building SF: ± 21,535 SF
    Occupancy Rate: 100%
    Sale Price: $3,073,000
    Sale Price Per SF: $142.70

    - Property Details

    Year Built: 2017
    Parking Type: Surface

    - Additional Information

    • 2 brand new Michigan Dollar Tree net leased properties
    • Currently under construction (est. November 1, 2017 delivery)
    • New 10-year corporate leases + multiple renewal options with escalations
    • Dollar Tree Stores, Inc. (Nasdaq: DLTR) / BB+ credit rating / $20.72 billion in sales (2016)
    • NN Lease with minimal landlord responsibilities
    • Both properties feature heavy traffic volumes with dense residential, commercial and retail demographics
    • Available individually or as a portfolio
    • In-place NOI (portfolio): $218,447
    • Asking price (portfolio): $3,073,000
    • In-Place cap rate (portfolio): 7.11%

     

    - For more information, contact:

    Steven Silverman

    248.324.2000 Request a call