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28341438
28341439

9091 Old 31, Berrien Springs, MI 49103 For Sale

ICONIC Real Estate
PE
MI 6501433306
ICONIC Real Estate
Listed by ICONIC Real Estate
$1,100,000
249 days on market
Updated 9 days ago

Autozone / Family Dollar Combo

Details
Property Type Retail
Sub Type Storefront
Square Footage 16,850
Net Rentable (SqFt) 16,850
Cap Rate 8.65%
NOI $95,164
Occupancy 100%
Tenancy Multi
Brand/Tenant Family Dollar, AutoZone
Lease Type NN
Lease Term 27.9
Lease Expiration 01/31/2026
Rent Bumps Yes
Lease Options Option(s) are available for each Tenant
Price per SqFt $65
Class C
Investment Type Net Lease
Tenant Credit Credit Rated, No Credit Rating
Lease Commencement 03/17/1998
Ground Lease No

Short Term Autozone & Family Dollar Combo

Marketing description

AutoZone + Family Dollar – Berrien Springs, MI (9091–9099 Old US-31)

Investment Highlights

  • Dual-tenant property featuring AutoZone and Family Dollar

  • NN lease structures for both tenants

    • Tenant Responsibilities: Interior, HVAC, utilities, routine maintenance

    • Landlord Responsibilities: Roof, structure, parking lot

    • Family Dollar side includes a brand-new 2025 roof (minimal near-term capital exposure)

  • Excellent visibility and frontage on Old US-31 with strong traffic

  • Diversified income stream from two national, recession-resistant tenants

  • AutoZone Annual Rent: $27,000

  • Family Dollar Annual Rent: $49,350

  • Total Gross Income: $91,383

  • Net Operating Income: $95,164.00

  • Lease Term Remaining:

    AutoZone: Approximately 14 months

    Family Dollar: Approximately 3 years 2.5 months

  • Asking Price: $1,100,000

Investment highlights

Low Terms for each tenant

Percentage Rent embedded in lease for Family Dollar

Family Dollar roof was replaced in 2025

Listing Contacts

ICONIC Real Estate
PE
MI 6501433306
ICONIC Real Estate
Listed by ICONIC Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$95,164.00
$7,930.33/mo

Valuation Metrics

0
DSCR
8.65%
Cap Rate
8.65%
ROI

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