www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33954560
33954561

13341 Seven Mile East, Detroit, MI 48205

ED
NY 10410386411
Matthews
Listed by Matthews
$885,366
2 days on market
Updated 2 days ago

Dollar General - Detroit, MI

Details
APN 21021065
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 12,168
Cap Rate 10.25%
NOI $90,750
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens (+12)
Lease Type NN+
Lease Term 15.4
Lease Expiration 01/31/2027
Remaining Term 0.6
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $73
Broker Co-Op True
Year Built 1952
Year Renovated 2011
Buildings 1
Stories 1
Acreage 0.890
Zoning B4/R1
Parking Spaces 38 spaces
Parking Per SqFt 3.12
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/27/2011
Occupancy Date 09/27/2011
Ground Lease No
Ownership Fee Simple

10.25% CAP | NN+ | High Density Market

Investment highlights

● List price of $885,366 yielding an attractive 10.25% cap rate

● ±12,168 square foot building constructed in 1952 with a renovation in 2011, situated on a ±0.89-acre parcel including 38 parking spaces

● Less than one year remaining on the lease with three, 5-year options to extend; tenant has until 11/2/2026 to notify the landlord of intent to renew

● 10% rental increases at the start of each of the three, 5-year option periods

● Strong corporate guaranty from Dollar General Corporation, a Fortune 500 tenant with a BBB credit rating (S&P) and approximately $28 billion market cap

● NN+ lease with landlord responsibilities limited to roof, structure, and parking lot; tenant responsible for all HVAC maintenance and replacement

● Tenant reimburses the landlord in full for all maintenance expenses related to the property and contributes an additional $300 per month toward property upkeep

● The property is located on the corner of Alcoy St and E Seven Mile Rd (4 lanes), seeing over ±15,000 vehicles per day; East Seven Mile Road is a primary east-west commercial artery

● The property is just off Gratiot Ave, a main entryway into downtown Detroit with traffic counts exceeding ±27,000 vehicles per day

● The site is approximately ±10 miles from downtown Detroit, which has a population of 395,030 within a 5-mile radius and remains one of the most affordable major U.S. cities with median home prices roughly 30% below the national average

● Detroit’s combination of low acquisition costs and available tax incentives creates a highly favorable environment for real estate investors, with properties generating strong yields relative to purchase price

Listing Contacts

ED
NY 10410386411
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,750.00
$7,562.50/mo

Valuation Metrics

0
DSCR
10.25%
Cap Rate
10.25%
ROI

Map

Zoning

Intelligence Badge
B4 CommercialGeneral CommercialGeneral Business District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 267 uses
View all 267 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591