Log In/Sign Up
Your email has been sent.
Dick's Sporting Goods - New Baltimore, MI 50580 Waterside Dr 49,979 SF Retail Building New Baltimore, MI 48051 $7,831,000 ($156.69/SF) 7.65% Cap Rate
Executive Summary
- Single-Tenant Dick’s Sporting Goods (NYSE: DKS - $13.44 Billion in Sales FY 2024) | 800+ Retail Stores in the U.S. | Investment Grade Credit S&P: BBB / Outlook: Positive
- 2.7 Years of Primary Term Remaining | Scheduled $0.50 PSF Rental Increases at each Option | 4 (5-Year) Options Remaining | Passive NN Lease
- Highly Visible and Heavily Trafficked Location | Situated on Interstate 94 (71,053 VPD) | Located within the Dominant (2.2 million SF) Waterside Marketplace Shopping Center
- Detroit MSA Location | Growing Demographics | Expanding Affluent Northern Detroit Suburban Location
- 2.7 Years of Primary Term Remaining | Scheduled $0.50 PSF Rental Increases at each Option | 4 (5-Year) Options Remaining | Passive NN Lease
- Highly Visible and Heavily Trafficked Location | Situated on Interstate 94 (71,053 VPD) | Located within the Dominant (2.2 million SF) Waterside Marketplace Shopping Center
- Detroit MSA Location | Growing Demographics | Expanding Affluent Northern Detroit Suburban Location
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
49,979 SF
Building Class
B
Year Built
2007
Price
$7,831,000
Price Per SF
$156.69
Cap Rate
7.65%
NOI
$599,072
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
5.46 AC
Zoning
C2 SHO
Parking
301 Spaces (6.02 Spaces per 1,000 SF Leased)
Frontage
133’ on Waterside Dr
Amenities
- Freeway Visibility
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-09-20-177-108 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,703,100 |
Property Taxes
Parcel Number
15-09-20-177-108
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,703,100
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dick's Sporting Goods - New Baltimore, MI | 50580 Waterside Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.