3431 Joy Rd - Freestanding FOR SALE
Detroit, MI 48206 |
3431 Joy Rd
Detroit, MI 48206
HIGHLIGHTS
- Double Net Lease with ±7.5 years remaining; equipped with (4) five-year options to renew.
- Dollar General is the country’s largest discount retailer – NYSE: DG S&P 500 Component.
- Rental increases every 5-years and through the option periods.
- The Property was previously a Supermarket from 1974 to 2020 – Almost a century of service to the community and a shopping mainstay in the local area.
- Strong dollar store demographics – densely populated market.
- Offered at a low rent and replaceable Rent/SF – Strong credit asset in which Buyer is paying well below replacement cost.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
12198
STORIES
1
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
12-00270-516
