7381 N Genesee Rd - Freestanding FOR SALE


Genesee, MI 48437
$1,325,000 USD
248-505-4400
7381 N Genesee Rd, Genesee, MI for Sale
$1,325,000 USD
Freestanding - FOR SALE
1/1
null | 7.64% Cap Rate

7381 N Genesee Rd
Genesee, MI 48437


OVERVIEW

Investment Opportunity! This Family Dollar consists of 9,173 square feet of building space situated on 2.17 acres of land. The property is subject to an Absolute (NNN) lease that expires on June 30th, 2029. The lease provides a base rent of $101,200 annually. National Retailers in the area include: Chase, Subway, McDonald’s, VG's Grocery, and Marathon Service Station. High Traffic Counts with Over 9,500 Vehicles Per Day on North Genesee Road.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

7.64%

% 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

32

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

C-2

APN/PARCEL ID

11-10-200-035

ASK ABOUT THIS PROPERTY

Marvin PetrousSignature AssociatesMore Info
248-505-4400

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Marvin PetrousSignature AssociatesMore Info
248-505-4400

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