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154 US Highway 2
Norway, MI 49870
Family Dollar - Abs NNN w/ 10% Increases · Retail Property For Sale
Investment Highlights
- 2015 build-to-suit construction for Family Dollar
- Relocation store from a previously existing site within the market
- Extremely rare Absolute NNN lease w/ zero landlord responsibilities
- ±9 Years remaining on the base term of an initial 15-Year lease
- Attractive 10% rental increase in 2024 (cap rate will increase to 6.60%)
- Traffic counts above 17,000 vehicles per day
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.91 AC
Frontage
106’ on Saginaw St
Property Taxes
| Parcel Number | 053-163-001-00 | Improvements Assessment | $0 |
| Land Assessment | $65,300 | Total Assessment | $65,300 |
Property Taxes
Parcel Number
053-163-001-00
Land Assessment
$65,300
Improvements Assessment
$0
Total Assessment
$65,300
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