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408 W Maumee St
Adrian, MI 49221
Dollar Tree · Retail Property For Sale
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
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
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