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9091-9099 Old Us Highway 31 14,935 SF 100% Leased Retail Building Berrien Springs, MI 49103 $1,100,000 ($73.65/SF) 7% Cap Rate
EXECUTIVE SUMMARY
**SHORT TERM DUAL TENANT INVESTMENT OPPORTUNITY**:
-Dual-tenant property featuring AutoZone and Family Dollar
-NN lease structures for both tenants
-Tenant Responsibilities: Interior, HVAC, utilities, routine maintenance
-Landlord Responsibilities: Roof, structure, parking lot
-Family Dollar side includes a brand-new 2025 roof (minimal near-term capital exposure)
-Excellent visibility and frontage on Old US-31 with strong traffic
-Family Dollar has "Percentage Rent" in their lease
-Diversified income stream from two national, recession-resistant tenants
-AutoZone Annual Rent: $27,000
-Family Dollar Annual Rent: $49,350
-Total Gross Income: $91,383
-Net Operating Income: $76,958
-Lease Term Remaining:
-AutoZone: Approximately 14 months
-Family Dollar: Approximately 3 years 2.5 months
-Asking Price: $1,100,000
-Dual-tenant property featuring AutoZone and Family Dollar
-NN lease structures for both tenants
-Tenant Responsibilities: Interior, HVAC, utilities, routine maintenance
-Landlord Responsibilities: Roof, structure, parking lot
-Family Dollar side includes a brand-new 2025 roof (minimal near-term capital exposure)
-Excellent visibility and frontage on Old US-31 with strong traffic
-Family Dollar has "Percentage Rent" in their lease
-Diversified income stream from two national, recession-resistant tenants
-AutoZone Annual Rent: $27,000
-Family Dollar Annual Rent: $49,350
-Total Gross Income: $91,383
-Net Operating Income: $76,958
-Lease Term Remaining:
-AutoZone: Approximately 14 months
-Family Dollar: Approximately 3 years 2.5 months
-Asking Price: $1,100,000
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,935 SF
Building Class
C
Year Built
1986
Price
$1,100,000
Price Per SF
$73.65
Cap Rate
7%
NOI
$76,958
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.70 AC
Zoning
B
Parking
51 Spaces (6.82 Spaces per 1,000 SF Leased)
Frontage
359’ on Old Us-31 Hwy
AMENITIES
- Signage
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-15-0013-0012-09-6 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $393,200 |
PROPERTY TAXES
Parcel Number
11-15-0013-0012-09-6
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$393,200
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9091-9099 Old Us Highway 31
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