16401 Harper AveDetroit, MI 48224

Exceptional investment opportunity: a fee-simple, net-leased Family Dollar store in Detroit, MI. This 9,954 square foot building, constructed in 2004 as a build-to-suit, boasts a 10-year lease (expiring June 30, 2034) with two, five-year renewal options, each including a 10% rent increase. The property enjoys a prime location on Harper Ave, off Hwy 94, experiencing daily traffic exceeding 134,688 vehicles. The tenant, Family Dollar, a subsidiary of Dollar Tree and a top performer (top 17% nationwide according to Placer.Ai), has a 20-year operational history at this location, demonstrating strong commitment. The property offers a strong corporate guarantee and an 8% cap rate on a $1,365,037 asking price, with a current NOI of $109,203. The 1-story building sits within a thriving market, serving a 3-mile population of approximately 150,334 and a 5-mile population of approximately 292,452. This investment presents a rare opportunity to acquire a high-performing, stable retail asset with significant upside potential. The tenant possesses an investment-grade credit rating (S&P BBB-). This is a single-tenant property with 100% occupancy.