50580 Waterside Dr - Freestanding FOR SALE


New Baltimore, MI 48051
$7,831,000 USD
949-244-6644
50580 Waterside Dr, New Baltimore, MI for Sale
$7,831,000 USD
Freestanding - FOR SALE
1/12
null | 7.65% Cap Rate

50580 Waterside Dr
New Baltimore, MI 48051


OVERVIEW

- Single-Tenant Dick’s Sporting Goods (NYSE: DKS - $13.44 Billion in Sales FY 2024) | 800+ Retail Stores in the U.S. | Investment Grade Credit S&P: BBB / Outlook: Positive - 2.7 Years of Primary Term Remaining | Scheduled $0.50 PSF Rental Increases at each Option | 4 (5-Year) Options Remaining | Passive NN Lease - Highly Visible and Heavily Trafficked Location | Situated on Interstate 94 (71,053 VPD) | Located within the Dominant (2.2 million SF) Waterside Marketplace Shopping Center - Detroit MSA Location | Growing Demographics | Expanding Affluent Northern Detroit Suburban Location

FOR SALE DETAILS

PRICE

$7,831,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dick's Sporting Goods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

301

LAND DETAILS

LAND ACRES

5.46 AC

LAND SF

237,838 SF

ZONING

C2 SHO

APN/PARCEL ID

15-09-20-177-108

ASK ABOUT THIS PROPERTY

Matt BerresNewmarkMore Info
949-244-6644

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Matt BerresNewmarkMore Info
949-244-6644

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