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For Sale

Family Dollar – Detroit

8031 W McNichols Road
Detroit, Michigan 48221
For Sale

Family Dollar – Detroit

8031 W McNichols Road
Detroit, Michigan 48221

- Property Information

eCODE 299
County: Wayne
Property Type: NNN Investment, Retail
Total Building SF: ± 14,066 SF
Occupancy Rate: 100%
Sale Price: $1,225,000
Sale Price Per SF: $87.09

- Property Details

Occupancy Type: Single Tenant
Year Built: 1948
Year Renovated: 2003
# Acres: .51
Parcel ID: 16-007981-4
Parking Type: Surface
# Spaces: 20

- Additional Information

  • 100% occupied NN corporate guaranteed Family Dollar store property
  • Exceptionally strong store sales; Family Dollar is currently paying 3% of total gross sales in excess of $1.98M
  • Long and successful operating history at this location (since 2003)
  • Positioned directly within the Live6 Alliance corridor, which is focused on the planning and redevelopment of Northwest Detroit
  • Very strong residential and retail trade area; adjacent to Marygrove College and the University of Detroit Mercy
  • Seven 5-year options with rent escalations and percentage rent
  • Lease Expiration: 01/31/2021
  • In-Place NOI: $98,606 | Asking Price: $1,225,000

 

- For more information, contact:

Steven Silverman

248.324.2000 Request a call