22200 W Grand River Ave - Freestanding FOR SALE


Detroit, MI 48219- Redford
$1,565,000 USD
248-662-5066
22200 W Grand River Ave, Detroit, MI for Sale
$1,565,000 USD
Freestanding - FOR SALE
1/15
null | 8.27% Cap Rate

22200 W Grand River Ave
Detroit, MI 48219
Redford


HIGHLIGHTS

  • Excellenet NNN Investment Opportunity
  • Well Maintained Property

OVERVIEW

Court-Appointed Receivership Sale. Forward Commercial Group (FCG) is pleased to present for sale 22200 W. Grand River Avenue, a 9,476 square-foot single-tenant net-leased (NNN) retail property located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan. The asset is positioned within a well-established retail corridor. Constructed in 2012, the property is fully leased to Family Dollar under a triple-net (NNN) lease structure with term remaining through September 2027. The tenant is presently operating within its first renewal period. The o?ering provides in-place cash flow with a clearly defined near-term lease maturity, complemented by multiple remaining renewal options. Please do not disturb the tenant.

FOR SALE DETAILS

PRICE

$1,565,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

8.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

B3

APN/PARCEL ID

22-007817

ASK ABOUT THIS PROPERTY

Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

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Emil CherkasovForward Commercial Group LLCMore Info
248-662-5066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.