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22200 W Grand River Ave 9,476 SF Retail Building Detroit, MI 48219 $1,565,000 ($165.15/SF) 8.27% Cap Rate
Investment Highlights
- Excellenet NNN Investment Opportunity
- Well Maintained Property
Executive Summary
Court-Appointed Receivership Sale.
Forward Commercial Group (FCG) is pleased to present for sale 22200 W. Grand River Avenue, a 9,476 square-foot single-tenant net-leased (NNN) retail
property located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan. The asset is positioned within a well-established retail corridor.
Constructed in 2012, the property is fully leased to Family Dollar under a triple-net (NNN) lease structure with term remaining through September 2027. The tenant is presently operating within its first renewal period.
The o?ering provides in-place cash flow with a clearly defined near-term lease maturity, complemented by multiple remaining renewal options.
Please do not disturb the tenant.
Forward Commercial Group (FCG) is pleased to present for sale 22200 W. Grand River Avenue, a 9,476 square-foot single-tenant net-leased (NNN) retail
property located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan. The asset is positioned within a well-established retail corridor.
Constructed in 2012, the property is fully leased to Family Dollar under a triple-net (NNN) lease structure with term remaining through September 2027. The tenant is presently operating within its first renewal period.
The o?ering provides in-place cash flow with a clearly defined near-term lease maturity, complemented by multiple remaining renewal options.
Please do not disturb the tenant.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,476 SF
Building Class
B
Year Built
2012
Price
$1,565,000
Price Per SF
$165.15
Cap Rate
8.27%
NOI
$129,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.92 AC
Opportunity Zone
Yes
Zoning
B3
Parking
44 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,476 SF
- $12.96
- Triple Net
- Sep 2027
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 9,476 SF | $12.96 | Triple Net | Sep 2027 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-007817 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $312,700 |
Property Taxes
Parcel Number
22-007817
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$312,700
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22200 W Grand River Ave
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