$1,323,672 USD
214-692-2289
16401 Harper Ave
Detroit, MI 48224
Far East Side
HIGHLIGHTS
- 2004 build-to-suit construction for Family Dollar
- This store ranks in the top 17% of all Family Dollar stores nationwide, according to Placer.Ai
- Two, 5-Year renewal options remaining; all of which include a 10% rent increase
- Tenant recently extended their lease early to a new 10-year term
- Strong corporately guaranteed lease
- Located off Hwy 94 were traffic counts exceed +134,688 vehicles per day
OVERVIEW
3-Mile population of ±21,903 residents. 5-Mile population of ±292,167 residents. Detroit is a six-county metropolitan statistical area (MSA) —making it the 14th-largest MSA in the United States. Investment Grade Credit Tenant – S&P Rated BBB-. Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same store sales / profitability.
FOR SALE DETAILS
PRICE
$1,323,672 USD
PRICE/SF
$133 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FAMILY DOLLAR
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
39
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,990 SF
ZONING
B-4
APN/PARCEL ID
21-00456-875
ASK ABOUT THIS PROPERTY
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214-692-2289
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214-692-2289
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