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Family Dollar 8321 Mill St 8,320 SF Retail Building Vanderbilt, MI 49795 $770,411 ($92.60/SF) 9.50% Cap Rate
Investment Highlights
- Strategic Location & Recreational Draw: – Located directly off Interstate 75, the primary north-south corridor connecting Northern Michigan
- Benefits from steady traffic generated by hunting, fishing, boating, snowmobiling, and ORV activities, making the property a convenient retail stop
- Vanderbilt’s affordable housing, growing recreational appeal, and strong community identity continue to support demand for necessity-based retail
- Positioned in the heart of Northern Michigan’s outdoor recreation region, with close proximity to numerous lakes, trails, campgrounds
- Strong Accessibility & Community Presence: – Situated along Mill Street with immediate access to I-75
- Functions as a key retail destination within a limited-service market, providing essential goods to local residents, seasonal visitors, and travelers
Executive Summary
Broker of Record
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2017
Price
$770,411
Price Per SF
$92.60
Cap Rate
9.50%
NOI
$73,189
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.00 AC
Zoning
CM - Commercial
Parking
25 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
150’ on Mill St.
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 045-022-000-005-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $184,800 |
Property Taxes
Parcel Number
045-022-000-005-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$184,800
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Family Dollar | 8321 Mill St
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