3850 Monroe St - Convenience Store FOR SALE
Dearborn, MI 48124 |
$1,818,000 USD
951-847-4541
3850 Monroe St
Dearborn, MI 48124
HIGHLIGHTS
- Proven Location: 7-Eleven has successfully operated at this location for 25+ years
- Absolute NNN Ground Lease: Offering zero landlord responsibilities
- Hedge Against Inflation: 10% rental increases every 5 years
- Recent 10-Years Lease Extension: 7-Eleven just renewed for another 10 years, showing a strong commitment to this location
- Hard Corner: Positioned at the corner of Monroes St and Dartmouth St. – a primary local arterial with strong vehicle exposure
- Major MSA Market: Detroit-Warren-Dearborn MSA consistently ranks around the 14 th largest MSA in the U.S. by population
FOR SALE DETAILS
PRICE
$1,818,000 USD
PRICE/SF
$618 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-11
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.48 AC
LAND SF
20,909 SF
ZONING
C1, Dearborn
APN/PARCEL ID
32-09-332-29-016
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
951-847-4541
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
951-847-4541
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
