12207 Grand River AveDetroit, MI 48204

This exceptional investment opportunity presents a stabilized, single-tenant Family Dollar store located at 12207 Grand River Ave, Detroit, MI 48204. The 9,180 square foot building sits on a 0.75-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $106,920. The property features a NN+ lease with a credit-rated tenant, ensuring consistent cash flow. The lease commenced on December 5, 2005, and has a remaining term of approximately 2.1 years, with five 5-year renewal options, each including a 10% rent increase. Built in 2005, this property benefits from its location at the hard corner of Grand River Avenue and Birwood Avenue, offering multiple points of access. The asking price is $1,190,000, translating to a price per square foot of $140. The property's strong demographics, situated in a densely populated area just 15 minutes from downtown Detroit, further enhance its investment appeal. This is a rare opportunity to acquire a well-performing, low-risk retail investment in a prime Detroit location. The property is 100% occupied. Wayne County APN: 18006828-35.