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:

The property resides in a proven location with high population of 402,530 in a five mile radius and outstanding traffic counts of over 79,729 vehicles per day and 220 feet of frontage on 7 Mile Road.

Highlights:

>> Family Dollar Credit with Above Average Sales | Current NOI $97,500

>> Corporate Guarantee | Standard and Poor Rated Investment Grade Credit - BBB-

>> Proven Location with High Population 402,530 in a Five Mile Radius

>> Automatic 5-Year Renewals - Five, Five-Year Options | 10 Percent Increase every Five Years

>> Outstanding Traffic Counts Over 79,729 Vehicles per Day; with 220 Feet of Frontage on 7 Mile Road

>> Concrete Parking Lot

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Sales Info:

>> Cap rate: 10.0%

>> NOI: $97500