$1,188,436 USD
425-274-6696
120 E Broadway Ave
Muskegon, MI 49444
Muskegon Heights
HIGHLIGHTS
- Corporate Tenant – The lease is signed by Family Dollar Stores of Michigan, Inc. Family Dollar operates over 7,100 locations across the country
- Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income
- Passive Value-Add Investment – This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term
- Attractive Increase Schedule – 10% rental increases in each of the Six, 5-year options, which is beneficial to an owner
- ssential Retail – Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets
- Recession Resistant Tenant – Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers
FOR SALE DETAILS
PRICE
$1,188,436 USD
PRICE/SF
$132 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.17 AC
LAND SF
50,965 SF
ZONING
SUD
APN/PARCEL ID
26-185-198-0002-00
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425-274-6696
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425-274-6696
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