Family Dollar | 5035 E Berry Rd
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Family Dollar 5035 E Berry Rd
10,500 SF Retail Building Pleasant Lake, MI 49272 £1,263,263 (£120/SF) 7.65% Net Initial Yield
Investment Highlights
- New Construction Family Dollar | 2024 Build-To-Suit
- 10-Year Initial Double-Net Lease with (5) 5-Year Options | $0.50/SF Rent Increases in Each Option
- Limited Competition: One of Only Two Dollar Stores within 8 Miles
- "Family Dollar Stores of Michigan, LLC" Lease Entity | Publicly Traded (NYSE: DLTR / S&P: BBB)
- High Visibility on E Berry Rd Near Corner of Bunkehill Rd | Bunkehill Rd Provides Direct Route to Jackson
- 9 Miles Northeast of Jackson
Executive Summary
ADDITIONAL INVESTMENT OPPORTUNITIES AVAILABLE / PORTFOLIO OR INDIVIDUAL SALE OPTIONS
* See Offering Memorandum Or Contact Listing Broker For More Details.
Marcus & Millichap is pleased to present the newly constructed, corporate Family Dollar located at 5035 E Berry Road in Pleasant Lake, Michigan. Family Dollar (Standard & Poor’s BBB STABLE) has an initial 10-year lease with five five-year options to renew. Each option will contain a $0.50 per square-foot rent increase. Family Dollar is subject to a corporately guaranteed double-net lease with limited landlord responsibilities.
Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, the company is headquartered in Chesapeake, Virginia and operates nearly 16,500 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. In June 2015, Dollar Tree acquired Family Dollar Stores, Inc. and its’ more than 8,200 stores, which made Dollar Tree Inc, the leading operator of discount variety retail stores.
The subject property is well-positioned on E Berry Road with high visibility, and near the corner of Bunkehill Road. Bunkehill Road serves as a direct route to Jackson, providing easy commutes for residents. E Berry Road also serves as a main road and connects to US-127 (five miles away). This Family Dollar benefits from its ability to serve local residents as it is one of only two dollar stores in town and the next nearest being eight miles away.
Pleasant Lake / Henrietta Township is a community located in Jackson County of south-central Michigan. The asset is centrally located near larger markets including Jackson (nine miles), Lansing (30 miles), and Ann Arbor (35 miles).
This Family Dollar provides an investor with a stabilized investment grade asset with limited landlord responsibilities.
* See Offering Memorandum Or Contact Listing Broker For More Details.
Marcus & Millichap is pleased to present the newly constructed, corporate Family Dollar located at 5035 E Berry Road in Pleasant Lake, Michigan. Family Dollar (Standard & Poor’s BBB STABLE) has an initial 10-year lease with five five-year options to renew. Each option will contain a $0.50 per square-foot rent increase. Family Dollar is subject to a corporately guaranteed double-net lease with limited landlord responsibilities.
Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, the company is headquartered in Chesapeake, Virginia and operates nearly 16,500 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. In June 2015, Dollar Tree acquired Family Dollar Stores, Inc. and its’ more than 8,200 stores, which made Dollar Tree Inc, the leading operator of discount variety retail stores.
The subject property is well-positioned on E Berry Road with high visibility, and near the corner of Bunkehill Road. Bunkehill Road serves as a direct route to Jackson, providing easy commutes for residents. E Berry Road also serves as a main road and connects to US-127 (five miles away). This Family Dollar benefits from its ability to serve local residents as it is one of only two dollar stores in town and the next nearest being eight miles away.
Pleasant Lake / Henrietta Township is a community located in Jackson County of south-central Michigan. The asset is centrally located near larger markets including Jackson (nine miles), Lansing (30 miles), and Ann Arbor (35 miles).
This Family Dollar provides an investor with a stabilized investment grade asset with limited landlord responsibilities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Year Built
2024
Price
£1,263,263
Price Per SF
£120
Net Initial Yield
7.65%
NOI
£96,640
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
2.66 AC
Zoning
Commercial
Parking
42 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 000-04-21-101-003-04 | Improvements Assessment | £0 |
| Land Assessment | £16,293 | Total Assessment | £16,293 |
PROPERTY TAXES
Parcel Number
000-04-21-101-003-04
Land Assessment
£16,293
Improvements Assessment
£0
Total Assessment
£16,293
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Family Dollar | 5035 E Berry Rd
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