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1810 Maplewood Ave
Flint, MI 48506
Family Dollar · Retail Property For Sale
Investment Highlights
- Corporate Guaranteed Lease - Backed by Family Dollar, a nationally recognized discount retailer and subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR)
- Successful Backfill of Former Drugstore - Property was previously occupied by a national drugstore and was quickly backfilled by Family Dollar
- Minimal Landlord Responsibilities - Landlord responsibility limited primarily to structure and roof, with tenant handling day-to-day operations
- Proven Tenant with Strong Credit Profile - Family Dollar serves a necessity-based customer segment, offering essential goods at affordable price point
- Double Net (NN) Lease Structure - Tenant reimburses taxes, insurance, and CAM, providing stable income with limited landlord exposure
- Low Rent Basis - Below-market rent enhances long-term sustainability and reduces risk of tenant default or vacancy
Executive Summary
Corporate Guaranteed Lease - Backed by Family Dollar, a nationally recognized discount retailer and subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), operating over 8,000+ locations nationwide
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,180 SF
Building Class
B
Year Built
1996
Price
$1,090,909
Price Per SF
$97.58
Cap Rate
8.25%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.25 AC
Zoning
NC
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 41-08-202-030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $285,600 |
Property Taxes
Parcel Number
41-08-202-030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$285,600
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