19160 Greenfield RdDetroit, MI 48235

For Sale
$1,025,000

High-yield Detroit retail property. Strong tenant, great location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity presents a 11,057 square foot Family Dollar store located at 19160 Greenfield Rd, Detroit, MI 48235, within the Detroit MSA. The property boasts a 10-year Net Net (NN) lease with six, five-year renewal options, providing significant long-term stability. The lease is corporately guaranteed by Dollar Tree, a credit-rated investment-grade tenant (BBB-), offering exceptional security. With an 8.00% cap rate and a current NOI of $82,000, this property offers a compelling return on investment. The building, constructed in 1998, enjoys 100% occupancy and benefits from a high-traffic location with over 16,000 vehicles per day passing by. The surrounding demographics are highly favorable, with approximately 383,488 residents within a 5-mile radius and an average household income of $66,699. This property is ideally situated to capitalize on the strong performance of Family Dollar, a leading discount retailer with over 16,000 locations nationwide. The asking price is $1,025,000. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant upside potential.

Highlights

  • 11,057 SF Family Dollar store in Detroit, MI, within the Detroit MSA.
  • 10-year NN lease with six 5-year options, corporately guaranteed by Dollar Tree (BBB- credit rating).
  • 8.00% cap rate and $82,000 current NOI.
  • High-traffic location (16,000+ vehicles/day), 100% occupancy, built in 1998.
  • Strong demographics: 383,488 residents within 5 miles, $66,699 average household income.
  • Asking price: $1,025,000.

Property Details for 19160 Greenfield Rd

Property type
Other retail properties, Individual retail properties
Square Feet
11,057 SF
Year Built
1998

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4313683
Longitude
-83.1992472
19160 Greenfield Rd, Detroit, Michigan

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19160 Greenfield Rd
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