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315 N Main St 10,500 SF Retail Building Olivet, MI 49076 $1,806,000 ($172/SF) 7.50% Cap Rate
Investment Highlights
- New Construction: Brand-new 2024 build minimizes near term maintenance and capital expenditure risk.
- Minimal Landlord Responsibilities
- Essential Retail Concept
- New 10-Year Corporate Lease: Lease commenced October 2024, providing investors with a fresh full-term lease and long-term income stability
- New Construction = Reduced Capital Expenditures
Executive Summary
AQRE Advisors is pleased to present for sale the Family Dollar/ Dollar Tree Combo Store, a ±10,500 SF retail property located at 315 N Main St, Olivet, MI 49076 (“Property”). Situated on 1.76 acres of land, the Property is fully leased to Family Dollar/Dollar Tree, offering investors a stable, income-generating asset backed by a nationally recognized tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$1,806,000
Price Per SF
$172
Cap Rate
7.50%
NOI
$135,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.76 AC
Zoning
CM
Property Taxes
| Parcel Number | 600-040-600-490-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $869,800 |
Property Taxes
Parcel Number
600-040-600-490-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$869,800
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315 N Main St
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