Listed by My Realty
$1,220,000
14305 harper avenue
Details
Property Type Business for Sale
Sub Type Business and Building
Square Footage 8,000
Cap Rate 9.18%
NOI $112,000
Price per SqFt $153
Year Built 1937
Stories 1
Zoning B4
Sale Condition 1031 exchange
Business for Sale | 9.18% CAP | 8,000 SqFt
Marketing description
PROPERTY HIGHLIGHTS:
Single-tenant net lease Family Dollar property located in Detroit, MI New 2015 renovation NNN+ lease with ±2.7 years remaining and (2) 5-year renewal
options Located at the hard corner of Harper Avenue & Chalmers Street with multiple points of entry/access Offered at low rent/SF – strong credit asset at well below replacement cost ±8,000 SF building situated on ±0.35 acres Strong dollar store demographics in a densely populated market, just 15 minutes from downtown Detroit, MI
Listing Contacts
Listed by My Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,000.00
$9,333.33/mo
Valuation Metrics
0
DSCR
9.18%
Cap Rate
9.18%
ROI
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