Listed by Northmarq - Chicago
$1,242,594
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,500
Cap Rate 8.75%
NOI $108,727
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type Net
Lease Term 15
Lease Expiration 06/30/2029
Remaining Term 3
Lease Options 6 x 5 year
Price per SqFt $146
Year Built 2014
Buildings 1
Investment Type Net Lease
Lease Commencement 07/01/2014
Retail | 8.75% CAP | 8,500 SqFt
Marketing description
Northmarq is pleased to present a rare opportunity to acquire a retail property located at 8883 E Monroe Rd, Durand, Michigan 48429 (the “Property”). The Property consists of approximately 8,500 square feet of retail space on a 1.03-acre parcel, leased to Family Dollar under a 15-year absolute net lease with 3+ years of lease term remaining.
Investment highlights
Absolute Net Lease
Established Retailer with Private-Equity Backing
I-69 Frontage & Interstate Access
Downtown Durand Retail Hub
Complementary Tenant Mix Nearby
Resilient Discount Retail Demand
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,727.00
$9,060.58/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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