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8883 Monroe Rd 8,500 SF Retail Building Durand, MI 48429 $1,317,910 ($155.05/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Lease
- I-69 Frontage & Interstate Access
- Complementary Tenant Mix Nearby
- Established Retailer with Private-Equity Backing
- Downtown Durand Retail Hub
- Resilient Discount Retail Demand
EXECUTIVE SUMMARY
Northmarq is pleased to present a rare opportunity to acquire a retail property located at 8883 E Monroe Rd, Durand, Michigan 48429 (the “Property”). The Property consists of approximately 8,500 square feet of retail space on a 1.03-acre parcel, leased to Family Dollar under a 15-year absolute net lease with 3+ years of lease term remaining.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,500 SF
Building Class
C
Year Built
2014
Price
$1,317,910
Price Per SF
$155.05
Cap Rate
7.50%
NOI
$98,843
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.03 AC
Zoning
C-2
Frontage
233’ on Monroe Rd
AMENITIES
- Energy Star Labeled
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 020-82-014-015-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $352,980 |
PROPERTY TAXES
Parcel Number
020-82-014-015-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$352,980
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8883 Monroe Rd
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