Marcus & Millichap is pleased to present a 9,180-square foot free standing Family Dollar store located in Detroit, Michigan. Family Dollar signed an original 10-year double-net lease in 2005. There are five, five-year options that renew automatically unless the tenant gives six months written notice. Each five-year option is subject to a 10 percent rent increase. The tenant reimburses the landlord monthly for all commercial property insurance costs and real estate taxes. The lease is structured as a double-net whereas the tenant is responsible for taxes, insurance and CAM. Landlord is responsible for roof and structure. The lease is corporately guaranteed by Family Dollar Stores, Incorporated, a Fortune 500 company with a Standard and Poor's BBB- (Investment Grade) credit rating.

Family Dollar retail stores provide an attractive combination of a long-term lease, investment grade credit, and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity. Family Dollar Stores, Incorporated operates a chain of self-service retail discount stores primarily for low and middle-income consumers in the United States.

Location Description:

This property is strategically located and surrounded by retail and dense residential housing in Detroit, Michigan.

Highlights:

>> Strategically Located and Surrounded by Retail and Dense Residential Housing

>> Attractive Population and Demographic Figures for Family Dollar Target Market; Over 425,485 in a Five Mile Radius

>> Single-Tenant Double-Net Lease

>> 10 Percent Increase Every Five Years

>> Five, Five-Year Options

>> Corporate Guarantee

>> BBB- (Investment Grade Tenant)

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Sales Info:

>> Cap rate: 9.0%

>> NOI: $108000