Single Tenant Net Lease Dollar Tree 408 W Maumee St 19,833 SF 100% Leased Retail Building Adrian, MI 49221 $1,710,000 ($86.22/SF) 8.51% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Lease
- Large 3.83 AC Parcel
- Value-Add Component
- Low Rent PSF
- New Parking Lot, Roof, HVAC, Plumbing & Electrical
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,833 SF
Building Class
C
Year Built/Renovated
1961/2023
Price
$1,710,000
Price Per SF
$86.22
Cap Rate
8.51%
NOI
$145,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
3.83 AC
Zoning
B-4 - General Business
Frontage
AMENITIES
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar Tree
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar Tree | - | - | - | - |
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | XA0-325-0028-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $363,200 |
