Listed by Forward Commercial Group
$1,565,000
22200 W. Grand River Ave
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,476
Cap Rate 8.27%
NOI $129,400
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2027
Rent Bumps Yes
Lease Options Four (5-year) renewal options
Year Built 2012
Stories 1
Acreage 0.900
Zoning B-3
Investment Type Net Lease
Ground Lease No
Retail | 8.27% CAP | 9,476 SqFt
Marketing description
Court-Appointed Receivership Sale. Forward Commercial Group (FCG) is pleased to present for sale 22200 W. Grand River Avenue, a 9,476 square-foot single-tenant net-leased (NNN) retail property located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan. The asset is positioned within a well-established retail corridor.
Constructed in 2012, the property is fully leased to Family Dollar under a triple-net (NNN) lease structure with term remaining through September 2027. The tenant is presently operating within its first renewal period. The offering provides in-place cash flow with a clearly defined near-term lease maturity, complemented by multiple remaining renewal options.
Investment highlights
- The property is leased to Family Dollar, a nationally recognized discount retailer currently operating under private equity ownership. The lease includes four (5-year) renewal options.
- The triple-net (NNN) lease structure minimizes landlord responsibilities, with the tenant responsible for taxes, insurance, and maintenance. This allows for a passive, low-touch investment with predictable in-place cash flow through the remaining lease term.
- The property is located along the Grand River corridor in northwest Detroit, near the borders of Southfield and Redford, supported by national retailers including Meijer, McDonald's, and Wendy's, as well as surrounding residential neighborhoods and schools.
Listing Contacts
Listed by Forward Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,400.00
$10,783.33/mo
Valuation Metrics
0
DSCR
8.27%
Cap Rate
8.27%
ROI
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