Listed by Northmarq - Chicago
$1,218,930
Family Dollar
Details
APN 52-05-122-032-00
Property Type Retail
Sub Type Storefront
Square Footage 9,180
Cap Rate 8.5%
NOI $103,609
Tenancy Single
Lease Expiration 03/31/2031
Remaining Term 4.7
Lease Options 6 x 5 year
Year Built 2016
Stories 1
Acreage 1.380
Lease Commencement 07/01/2014
Ground Lease No
Family Dollar | Absolute Net Lease | Nationally Recognized Tenant | Prominent Highway Frontage
Marketing description
Northmarq is pleased to present Family Dollar, a 9,180 SF asset located at 234 M-35, Gwinn, MI 49841. The property is offered at $1,218,930, representing a 8.50% cap rate on current NOI of $103,609. The asset is leased to Family Dollar with 4+ years of term remaining. The property benefits from strong highway frontage, upper peninsula location and being an essential retailer in a rural trade area.
Investment highlights
- Absolute Net Lease
- Nationally Recognized Discount Retailer Under New Construction
- Prominent M-35 Frontage with Strong Visibility
- Upper Peninsula Location with Outdoor Recreation Demand
- Essential Retailer Servicing a Rural Trade Area
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$103,609.00
$8,634.08/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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