26058 6 Mile RdRedford Charter Township, MI 48240

For Sale
$1,435,117

High-traffic, 8% cap rate, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity presents a fee-simple 13,428 square foot Dollar Tree store in Redford Charter Township, MI. Built in 2016 with premium all-brick construction and a brand new roof (2023) boasting a 15-year warranty, this property benefits from a 10-year Net Lease (NN+) with a credit-rated, corporate-guaranteed tenant. The lease, commencing July 17, 2016, and expiring July 31, 2026, includes three, five-year renewal options, each with a $0.50 per square foot rent increase. The property boasts a strong 8% cap rate, generating a net operating income (NOI) of $114,809. Situated on a 1.95-acre lot at 26058 Six Mile Rd, 48240, the location enjoys exceptional visibility and high traffic counts exceeding 41,000 vehicles daily. The 5-mile radius boasts an estimated population of 275,746 residents, while the 10-mile radius encompasses approximately 1,164,787 residents, with an average annual household income of approximately $79,883. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant upside potential. The property is 100% occupied and offers a remaining lease term of approximately 1.7 years.

Highlights

  • 2016-renovated Dollar Tree building.
  • Premium all-brick construction.
  • New roof (2023) with 15-year warranty.
  • Corporate-guaranteed lease.
  • Three 5-year lease renewal options with $0.50/SF annual rent increases.
  • 5-mile population: ~275,746.

Property Details for 26058 6 Mile Rd

Property type
Other retail properties, Restaurants
Square Feet
13,428 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
84,942 SF

Location Insight

City
Redford Charter Township
County
Wayne
State
Michigan
Latitude
42.4141845
Longitude
-83.2993844
26058 6 Mile Rd, Redford Charter Township, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
26058 6 Mile Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message