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Family Dollar 4421 M 99 S 9,100 SF Retail Building Homer, MI 49245 $634,873 ($69.77/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Offered at $634,873, yielding a 9.00% cap rate.
- The tenant has extended the lease two times, showing their success and long-term commitment to this location.
- ±9,100 SF building situated on a ±1.69-acre parcel with over 175 feet of frontage and excellent visibility.
- There are ±6.75 years remaining on the lease, including three 5-year options to extend with 10% rental increases.
- Corporate guarantee from Family Dollar Corporation.
- 2007 build-to-suit construction for Family Dollar. The property has a concrete parking lot with 32 spaces and has been kept in good condition.
EXECUTIVE SUMMARY
Broker of Record
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,100 SF
Building Class
B
Year Built
2006
Price
$634,873
Price Per SF
$69.77
Cap Rate
9%
NOI
$57,139
Tenancy
Single
Building Height
1 Story
Frontage
179’ on M 99
PROPERTY TAXES
| Parcel Number | 12-070-012-02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $383,190 |
PROPERTY TAXES
Parcel Number
12-070-012-02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$383,190
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Family Dollar | 4421 M 99 S
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