14305 Harper Ave | Detroit, MI 48213
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14305 Harper Ave
Detroit, MI 48213
Retail Property For Sale
Investment Highlights
- Located at the hard corner of Harper Avenue & Chalmers Street with multiple points of entry/access.
- ±8,000 SF building situated on ±0.35 acres.
- 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.
Executive Summary
Single-tenant net lease Family Dollar property located in Detroit, MI. New 2015 renovation. NN+ lease with ±2.7 years remaining and (2) 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
1937
Price
£955,626
Price Per SF
£119
Net Initial Yield
9%
NOI
£86,006
Tenancy
Single
Number of Floors
1
Building FAR
6.12
Lot Size
0.03 AC
Zoning
B4
PROPERTY TAXES
| Parcel Number | 21-0043700 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £161,595 |
PROPERTY TAXES
Parcel Number
21-0043700
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£161,595
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