4421 M 99 S - Storefront FOR SALE
Homer, MI 49245 |
$634,873 USD
732-832-5414
4421 M 99 S
Homer, MI 49245
HIGHLIGHTS
- Offered at $634,873, yielding a 9.00% cap rate.
- There are ±6.75 years remaining on the lease, including three 5-year options to extend with 10% rental increases.
- The tenant has extended the lease two times, showing their success and long-term commitment to this location.
- Corporate guarantee from Family Dollar Corporation.
- ±9,100 SF building situated on a ±1.69-acre parcel with over 175 feet of frontage and excellent visibility.
- 2007 build-to-suit construction for Family Dollar. The property has a concrete parking lot with 32 spaces and has been kept in good condition.
FOR SALE DETAILS
PRICE
$634,873 USD
PRICE/SF
$70 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
12-070-012-02
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732-832-5414
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732-832-5414
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