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Family Dollar 6129 Cass City Rd 10,500 SF 4-Star Retail Building Cass City, MI 48726 $1,500,000 ($142.86/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- RelocationStore Concept | 2023 Construction
- Advantageous Access Point | Cass City Road - Primary East/West Thruway
- Brand New 10-Year Term Net Lease | Limited LL Responsibilities
- Located Near the Hills & Dales Hospital | 25-Bed Critical Access Facility
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar located in Cass City, Michigan (the “Property”). This is a relocation from across the street into a newly constructed combo store that leverages the strengths of both brands to serve small towns across the country. The Property consists of a 10,500-square-foot freestanding retail building, on a 1.52-acre parcel of land. Family Dollar is operating under a brand new, 10-year net lease, offering a passive investment asset with limited landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2023
Price
$1,500,000
Price Per SF
$142.86
Cap Rate
8.75%
NOI
$131,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.51 AC
Parking
56 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
160’ on Cass City Road
PROPERTY TAXES
| Parcel Number | 035-028-000-5300-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $280,300 |
PROPERTY TAXES
Parcel Number
035-028-000-5300-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$280,300
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Family Dollar | 6129 Cass City Rd
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