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Dollar Tree 408 W Maumee St 19,833 SF 54% Leased Retail Building Adrian, MI 49221 $1,625,000 ($81.93/SF) 8.95% Cap Rate
Investment Highlights
- Store converted to Dollar Tree with Full Corporate Guarantee | (4) 5 Year options remaining
- Dollar Tree is located 1 mile from Adrian College | Enrolls 1,900+ students per year
- West Maumee St averages 8,300+ vehicles per day
- Located near retailers such as Huntington Bank, The Salvation Army, Subway, Great Lakes Ace Hardware Store and many more
- Near Siena Heights University | Private, Catholic university on 140 Acres | 1.5 Miles from subject property
- Average household income is $76,990 within a 9 mile radius
Executive Summary
Store converted to Dollar Tree with Full Corporate Guarantee | (4) 5 Year options remaining
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
19,833 SF
Building Class
C
Year Built/Renovated
1961/2023
Price
$1,625,000
Price Per SF
$81.93
Cap Rate
8.95%
NOI
$145,500
Percent Leased
54%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
4.79 AC
Zoning
B-4 - Planned Shopping Center
Frontage
Amenities
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Vacant and ready for build-out.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,126 SF | Retail | - | Now |
1st Floor
| Size |
| 9,126 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 9,126 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Vacant and ready for build-out.
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | XA0-325-0028-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $452,000 |
Property Taxes
Parcel Number
XA0-325-0028-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$452,000
Contacts
-
Deno Bistolarides -
Evan Lyons -
Joe Lopez -
Encore Real Estate Investment Services
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
