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7381 N Genesee Rd 9,173 SF Retail Building Genesee Township, MI 48437 $1,325,000 ($144.45/SF) 7.64% Cap Rate
Executive Summary
Investment Opportunity! This Family Dollar consists of 9,173 square feet of building space situated on 2.17 acres of land. The property is subject to an Absolute (NNN) lease that expires on June 30th, 2029. The lease provides a base rent of $101,200 annually. National Retailers in the area include: Chase, Subway, McDonald’s, VG's Grocery, and Marathon Service Station. High Traffic Counts with Over 9,500 Vehicles Per Day on North Genesee Road.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,173 SF
Building Class
B
Year Built
2014
Price
$1,325,000
Price Per SF
$144.45
Cap Rate
7.64%
NOI
$101,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.17 AC
Zoning
C-2 - Highway Commercial
Parking
32 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
143’ on Genesee Rd
Somewhat walkable
30/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-10-200-035 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $356,400 |
Property Taxes
Parcel Number
11-10-200-035
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$356,400
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7381 N Genesee Rd
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