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Family Dollar 12075 M-32 8,000 SF Retail Building Atlanta, MI 49709 $521,000 ($65.13/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Priced Well-Below Replacement Cost at $58 PSF.
- Located Right outside of the Downtown Market.
- Low Rent Per Square Foot of $6.20 | Low Cost of Occupancy.
- Strong Road Frontage on US 32.
EXECUTIVE SUMMARY
Family Dollar has Occupied this Space Since 1999 & Recently Exercised Their Option to Renew the Lease - Showing Long Term Commitment to the Location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
1999
Price
$521,000
Price Per SF
$65.13
Cap Rate
9%
NOI
$46,891
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoned District
AMENITIES
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 003-012-000-645-06 | Improvements Assessment | $273,800 |
| Land Assessment | $30,000 | Total Assessment | $303,800 |
PROPERTY TAXES
Parcel Number
003-012-000-645-06
Land Assessment
$30,000
Improvements Assessment
$273,800
Total Assessment
$303,800
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Family Dollar | 12075 M-32
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