
Family Dollar
Retail | 9.50% CAP | 10,500 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar 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 is operating under a 10-year net lease, offering a passive investment asset with limited landlord responsibilities.
The Property is located in Cass City, Michigan, a city in Tuscola County in Michigan’s “Thumb” region. The Property is situated along the primary retail corridor of Cass City: Cass City Road. This strategic location gives the real estate excellent access and visibility. Cass City Road sees over 3,261 VPD, and is a major thruway for Cass City and its surrounding areas. The Property’s visibility from this road significantly helps to drive consumers to the premises, and gives the real estate underlying value. On top of this, the surrounding areas of the Property report exceptional dollar store demographics, with more than 11,490 people and an average annual household income of $81,973 within a 10-mile radius. These demographics are ideal for a Family Dollar store, and have allowed the store to grow a large, loyal customer base. Furthermore, the Property is located within the primary retail corridor of Cass City, which is occupied by many national brands that significantly help to drive commerce into the trade area.
Investment highlights
Relocation Store Concept | 2023 Construction
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
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