Property Listing No Longer Available for Sale

3911 Joy Road, Detroit, MI

Retail for Sale - $975,000 - 9,180 Sq. Ft. on 41382 acres


Property Info

CIMLS#692820
Location
  3911 Joy Road
  Detroit MI 48204
UpdatedOctober 28th, 2015
TypeRetail
Price$975,000
Building9,180 Sq. Ft.
Land41382 acres

Property Description

Sperry Van Ness is pleased to offer this Detroit, Michigan Family Dollar NN fee-simple investment. The investment consists of a 9,180 SF, single tenant, free standing building leased to Family Dollar through June 2016. The next five year renewal has a 10% rent increase. The quality masonry construction is on a .95 acre site.

Location Description:

This Family Dollar is located at 3911 Joy Road in Detroit, Michigan. Detroit and the region are a major center of commerce and global trade, as well as home to the big three automobile companies: General Motors, Ford, and Chrysler. This urban location has a population of 23,000+ within one mile.

Highlights:

>> Double Net (NN) Investment - Landlord responsible for roof & structure

>> 10% renewal increase 6/2016

>> Masonry construction in urban location

>> 1031 exchange opportunity

>> Investment Grade Tenant - Family Dollar (S&P BBB-)

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.0%


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