12207 Grand River Ave | Detroit, MI 48204
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12207 Grand River Ave
Detroit, MI 48204
Family Dollar · Retail Property For Sale
Investment Highlights
- Offered at low rent/SF – strong credit asset at well below replacement cost.
- Strong dollar store demographics in a densely populated market, just 15 minutes from downtown Detroit, MI.
- ±9,180 SF building situated on ±0.75 acres.
Executive Summary
Single-tenant net lease Family Dollar property located in Detroit, MI. NN+ lease with ±2.2 years remaining and (5) 5-year renewal options
Located at the hard corner of Grand River Avenue & Birwood Avenue with multiple points of entry/access.
Located at the hard corner of Grand River Avenue & Birwood Avenue with multiple points of entry/access.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2005
Price
£932,127
Price Per SF
£102
Net Initial Yield
9%
NOI
£83,891
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.35
Lot Size
0.60 AC
Zoning
C
Parking
20 Spaces (2.17 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 18-00682-835 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £142,404 |
PROPERTY TAXES
Parcel Number
18-00682-835
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£142,404
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