12075 M-32 - Freestanding FOR SALE


Atlanta, MI 49709
$483,350 USD
248-702-0288
12075 M-32, Atlanta, MI for Sale
$483,350 USD
Freestanding - FOR SALE
1/8
null | 10% Cap Rate

12075 M-32
Atlanta, MI 49709


HIGHLIGHTS

  • Tenant has Exercised their 3rd Lease Option to Renew (Early) -Showing Strong Commitment to the Location.
  • Long Term Tenant Occupancy - Family Dollar has Occupied the Subject Location Since the Year 2000 (24+ Years)
  • Investment Credit Tenancy | S&P BBB with over  16,000+ Locations and Counting.
  • Modified NN Lease - Minimal Landlord Responsibilities
  • Population Demographics Supportive of Family Dollar's Business Model
  • Priced Well-Below Replacement Cost & Affordable Rent of Under $6PSF

OVERVIEW

Tenant has Exercised their 3rd Lease Option to Renew (Early) -Showing Strong Commitment to the Location. Long Term Tenant Occupancy - Family Dollar has Occupied the Subject Location Since the Year 2000 (24+ Years) Investment Credit Tenancy | S&P BBB with over  16,000+ Locations and Counting. Modified NN Lease - Minimal Landlord Responsibilities 10% Rental Increases in the Option Period Population Demographics Supportive of Family Dollar's Business Model Priced Well-Below Replacement Cost & Affordable Rent of Under $6PSF

FOR SALE DETAILS

PRICE

$483,350 USD

PRICE/SF

$60 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

Commercial

APN/PARCEL ID

003-012-000-645-06

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.