Family Dollar/Dollar Tree Combo Store
Retail | 8.25% CAP
Marketing description
AQRE Advisors is pleased to offer for sale the Family Dollar/Dollar Tree Combo Store, a ±10,500 SF retail asset located at 13095 M-40, Marcellus, MI 49067 (“Property”). Strategically positioned on 1.1 acres of land, this well-maintained property is 100% occupied by Family Dollar/Dollar Tree, a nationally recognized discount retailer.
Investment highlights
Strong Investment Opportunity: Ideal for investors seeking stable income, minimal management, and corporate credit tenancy in a newly built property.
New 10-Year Corporate Lease: Lease commenced February 2024, offering nearly a full decade of secure, predictable income from a brand-new agreement.
Minimal Landlord Responsibilities: NN structure with landlord responsible only for roof, structure, and parking lot—offering passive, low-management ownership.
New Construction = Reduced Maintenance Costs: Building completed in 2023, minimizing near-term capital expenditures.
Essential Retail Concept: Discount variety stores proven resilient across economic cycles and positioned for continued growth in both urban and rural markets.
13095 M-40 Marcellus, MI 49067
Remaining Lease Term -8± years
Lease Commencement- 02/08/2024
Lease Expiration -2/08/2034
Renewal Options -Five (5) five-year options
Rent Schedule (Monthly>Annual) -Option 1 (Years 11 - 15) $11,156 - $133,875 Option 2 (Years 16 - 20) $11,594 - $139,125 Option 3 (Years 21 - 25) $12,031 - $144,375 Option 4 ( Years 26 - 30) $12,469 - $149,625 Option 5 (Years 31-35) $12,906 - $154,875
Insurance & Property Taxes -Landlord pays direct, Tenant reimburses monthly
Utilities & Maintenance- Tenant Responsibility
Roof, Structure, HVAC Replacement, Parking Lot, and Sprinkler System _Landlord Responsibility
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