600 North Ave - Convenience Store FOR SALE
Battle Creek, MI 49017 |
$1,585,000 USD
773-572-5885
600 North Ave
Battle Creek, MI 49017
HIGHLIGHTS
- New 5-Year lease with Four, 5-Year Options. The building was recently renovated in 2024 with over $500,000 in capital improvements.
- Situated at a signalized intersection and featuring convenient accessibility and exposure to combined traffic counts of 20,000 VPD.
- Major Student/Employee Population – Centrally located and surrounded by a strong customer base
- The property is leased at a below-market rate, presenting a unique investment opportunity with a high potential for long-term rental income growth
- Investment Grade Credit Tenant - The Tenant is Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P: BBB), an investment-grade tenant
- Low Price Point and Large Lot - Featuring a lot size of ±2.06-acre lot that is significantly larger than the average Dollar Tree lot size of ± 1.41 AC
FOR SALE DETAILS
PRICE
$1,585,000 USD
PRICE/SF
$144 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar Tree - Battle Creek, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Drug Store, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.05 AC
LAND SF
89,298 SF
ZONING
C2
APN/PARCEL ID
18-570-070-10
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773-572-5885
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773-572-5885
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