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7-11 3850 Monroe St 2,940 SF Retail Building Dearborn, MI 48124 $1,818,000 ($618.37/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Location | Recent 10 Year Lease Extension | 7- Eleven Has Successfully Operated At This Site For Over 25 Years
- Absolute "NNN" Net Lease - Zero Landlord Responsibilities
- Strong Demographics | 3-MIle Population Exceeds 107,600 & Avg Household Income $85,687
- 2,940 SF Single Tenant 7-Eleven Convenience Store Situated on .48 Acres
- Corner of Dartmouth & Monroe w/ Multiple Points of Ingress and Egress & Ample Parking
- Dense Residential Surrounding Property w/ Multiple Schools & Recreation Centers
EXECUTIVE SUMMARY
Established Location | Recent 10 Year Lease Extension | 7-Eleven Has Successfully Operated At This Site For Over 25 Years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,940 SF
Building Class
C
Year Built
2000
Price
$1,818,000
Price Per SF
$618.37
Cap Rate
5.50%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.48 AC
Zoning
C1, Dearborn - Neighborhood Commercial District
Parking
15 Spaces (5.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-09-332-29-016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $325,200 |
PROPERTY TAXES
Parcel Number
32-09-332-29-016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$325,200
CONTACTS
-
Deno Bistolarides -
Leonard Minuto -
Anthony Minuto -
Encore Real Estate Investment Services
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7-11 | 3850 Monroe St
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