6129 Cass City Rd - Freestanding FOR SALE


Cass City, MI 48726
$1,500,000 USD
201-919-6148
6129 Cass City Rd, Cass City, MI for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/4
null | 8.75% Cap Rate

6129 Cass City Rd
Cass City, MI 48726


HIGHLIGHTS

  • Relocation Into New Combo Store Concept | 2023 Construction
  • Brand New 10-Year Term Net Lease | Limited LL Responsibilities
  • Advantageous Access Point | Cass City Road - Primary East/West Thruway
  • Located Near the Hills & Dales Hospital | 25-Bed Critical Access Facility
  • Best-In-Class Tenant w/ Investment Grade Parent Company | S&P: BBB/Stable

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar | Dollar Tree located in Cass City, Michigan (the “Property”). This is a relocation from across the street into a newly constructed combo store that leverages the strengths of both brands to serve small towns across the country. The Property consists of a 10,500-square-foot freestanding retail building, on a 1.52-acre parcel of land. Family Dollar | Dollar Tree is operating under a brand new, 10-year net lease, offering a passive investment asset with limited landlord responsibilities. See Lease Abstract for full details.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,606 SF

ZONING

-

APN/PARCEL ID

035-028-000-5300-00

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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