2414 N Telegraph Rd - Retail FOR SALE


Monroe, MI 48162
$2,593,100 USD
847-562-9280
2414 N Telegraph Rd, Monroe, MI for Sale
$2,593,100 USD
Retail - FOR SALE
1/3
null | 7.25% Cap Rate

2414 N Telegraph Rd
Monroe, MI 48162


HIGHLIGHTS

  • Upgraded decorative façade
  • New construction – 20-year roof warranty
  • Positioned in a dense retail corridor (Anchors include Lowe’s, Walmart Supercenter, Meijer, Kohl’s)
  • Over 57,000 people live within a five-mile radius
  • Other neighboring retailers include Tractor Supply Company, Chick-fil-A, Starbucks, Panera, McDonald’s, Belle Tire, Ford, Aspen Dental, & many others
  • Detroit MSA

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar Tree property positioned within the Detroit MSA in Monroe, Michigan. The property was constructed in 2025 specifically for Dollar Tree’s occupancy and contains a 20-year roof warranty. The property will open in late April 2025 with a new 10-year lease. The lease includes five 5-year renewal options with $0.50 PSF rental escalations at the start of each. This property features a new upgraded prototype with decorative façade. Dollar Tree is an investment-grade tenant, boasting a “BBB” credit rating from Standard & Poor’s. The 10,000-square-foot building benefits from its position along North Telegraph Road (US 24) which experiences over 30,000 vehicles per day. Dollar Tree is located in a dense retail corridor that is occupied by anchoring retailers Lowe’s, Walmart Supercenter, Meijer, and Kohl’s. Other notable neighboring tenants include Tractor Supply Company, Chick-fil-A, Starbucks, Panera, McDonald’s, Belle Tire, Ford, Aspen Dental, and more. The area boasts a population of over 57,000 within a five-mile radius, with an average household income of $85,924. Dollar Tree, Inc. is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 16,000 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.

FOR SALE DETAILS

PRICE

$2,593,100 USD

PRICE/SF

$259 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

07-079-011-00

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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