1717 Ashmun St
Sault Sainte Marie, MI 49783
Family Dollar · Retail Property For Sale
Investment Highlights
- Original 10 Year Lease with 7.5 Years Remaining
- Centrally Located within Community
- Five Mile Population 14,799
- NN Lease | Minimal Landlord Responsibility
- Boasts Over 19,000 Vehicles Per Day on Ashmun St
- Six (6), Five (5) Year Option Periods
Property Facts
About 1717 ASHMUN ST , SAULT SAINTE MARIE, MI 49783
Fortis Net Lease is pleased to present this 8,320 SF Family Dollar store located in Sault Sainte Marie, MI. The property is encumbered with an NN Lease, leaving minimal landlord responsibilities. The lease has 5% rent escalations in each of the 6, 5 year option periods. The lease is corporately guaranteed by Dollar Tree, Inc., which holds a credit rating of "BBB-", which is classified as Investment Grade. The store is open with rent having commenced in 7/1/2018. This Family Dollar store is situated on the east side of Ashmun St seeing over 19,000 vehicles per day. Sault Sainte Marie is located in Michigans Upper Peninsula adjacent to the border of Canada. The surrounding area is well-suited for Family Dollar's target demographics and it will benefit from limited retail competition in the immediate area. The subject offering represents an ideal opportunity for a 1031 exchange buyer to attain the fee simple ownership of an Family Dollar.
Property Taxes
| Parcel Number | 051-243-016-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $490,400 |
Property Taxes
