3911 Joy Rd
Detroit, MI 48206
Family Dollar · Retail Property For Sale

Marcus & Millichap is pleased to present Family Dollar in the heart of Detroit, Michigan. The area boasts a population of nearly 400,000 within 5 miles and the property is located in the largest city in the state of Michigan. Built in 2005, this Family Dollar is a 9,180 square foot building that is 100 percent occupied by Family Dollar. The property is located less than 1 mile from Interstate 96, a major traffic artery that directly links Ann Arbor with downtown Detroit. Family Dollar is situated amongst a very large housing community, and enjoys close proximity to local traffic drivers, including multiple high schools and middle schools, Sacred Heart Major Seminary, and numerous churches. Interstate 94 and Wayne State University lie just 3 miles to the south, and downtown Detroit just 6. Family Dollar is being offered at an 9.00 percent cap rate and a rent of $9.26 per square foot. The property is situated on a total of 3.14 acres. Family Dollar currently has 4.3 years remaining after executing their first option period, offering investors the opportunity to obtain this Family Dollar in one of the most populous areas in the United States for a generous return rate.