7381 N Genesee Rd - Freestanding FOR SALE


Genesee, MI 48437
$1,265,001 USD
332-345-4220
7381 N Genesee Rd, Genesee, MI for Sale
$1,265,001 USD
Freestanding - FOR SALE
1/2
null | 8% Cap Rate

7381 N Genesee Rd
Genesee, MI 48437


HIGHLIGHTS

  • Internet-Resistant Tenant with Recession-Resilient Business Model
  • Absolute Net (NNN) Lease with Zero Landlord responsibility
  • Excellent Corporate Guarantee

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Family Dollar located at 7381 North Genesee Road, Genesee, MI 48437. The site consists of roughly 9,200 rentable square feet of building space on an estimated 2.17-acre parcel of land. This Family Dollar is subject to a 15-year Triple Net (NNN) lease, which commenced 6/30/2024. The current annual rent is $101,200 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$1,265,001 USD

PRICE/SF

$138 USD /SF

CAP RATE

8%

% 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

2.17 AC

LAND SF

94,525 SF

ZONING

-

APN/PARCEL ID

11-10-200-035

ASK ABOUT THIS PROPERTY

Richard NardiNNN Pro GroupMore Info
332-345-4220

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Richard NardiNNN Pro GroupMore Info
332-345-4220

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