616 S Carpenter Ave - Freestanding FOR SALE
Kingsford, MI 49802 |
$1,021,538 USD
425-274-6696
616 S Carpenter Ave
Kingsford, MI 49802
HIGHLIGHTS
- Absolute NNN lease with zero landlord responsibilities — 100% passive income.
- Corporate tenant: Family Dollar Stores of Michigan, Inc. — 7,100+ locations nationwide.
- 10% rental increases in each of the Six, 5-year options to hedge against inflation.
- Essential retail anchor in secondary market — less susceptible to e-commerce disruption.
- Recession resistant tenant — discount retail performs well during economic uncertainty.
- Southwest corner of S. Carpenter Ave (MI-95) and East Boulevard — B-1 zoning district.
FOR SALE DETAILS
PRICE
$1,021,538 USD
PRICE/SF
$359 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.18 AC
LAND SF
51,401 SF
ZONING
-
APN/PARCEL ID
052-001-080-10
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
425-274-6696
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
425-274-6696
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
