Listed by Forward Commercial Group
$1,565,000
22200 Grand River Avenue
Details
APN W22I007817S
Property Type Retail
Sub Type Storefront
Square Footage 9,476
NOI $129,400
Year Built 2012
Acreage 0.900
Retail | 9,476 SqFt
Marketing description
Court-Appointed Receivership Sale. Freestanding 9,476 SF 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 (four 5-year options).
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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