19160 Greenfield RdDetroit, MI 48235

For Sale
$1,025,000

Family Dollar & Dollar Tree anchored, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity features a 11,057 square foot building in Detroit, MI, occupied by Dollar Tree and Family Dollar under a 10-year Net Net lease expiring September 30, 2029, with six five-year renewal options. The property boasts a strong 8.00% cap rate and a substantial $82,000 annual net operating income (NOI). Located at 19160 Greenfield Rd, 48235, this strategically positioned property benefits from high traffic volume exceeding 16,000 vehicles per day (VPD) and serves a dense population of approximately 383,488 residents within a 5-mile radius. The lease is corporately guaranteed by Dollar Tree, a credit-rated, investment-grade tenant, providing exceptional security. Built in 1998, this property offers a stable, long-term investment with significant upside potential. The average household income within a 5-mile radius is $66,699, aligning perfectly with the target demographic for these national retailers. This is a rare opportunity to acquire a high-performing, well-located retail property with a strong tenant and attractive lease terms. The asking price is $1,025,000.

Highlights

  • $1,025,000 asking price for a 11,057 SF retail property in Detroit, MI.
  • Net-Net (NN) lease with a credit-rated, corporate guarantee from Dollar Tree/Family Dollar.
  • 10-year lease with six 5-year options; 5 years remaining.
  • 8.00% cap rate and $82,000 NOI; 100% occupancy.
  • Built in 1998, located at 19160 Greenfield Rd, Detroit, MI 48235, with high daily traffic counts.

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
42.431067902449
Longitude
-83.199891337732
19160 Greenfield Rd, Detroit, Michigan

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19160 Greenfield Rd
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