6121 Cass City Rd | Cass City, MI 48726
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6121 Cass City Rd
Cass City, MI 48726
Family Dollar | Dollar Tree Combo Store · Retail Property For Sale
Investment Highlights
- Relocation Into New Combo Store Concept | 2023 Construction
- Advantageous Access Point | Cass City Road - Primary East/West Thruway
- Best-In-Class Tenant w/ Investment Grade Parent Company | S&P: BBB/Stable
- Brand New 10-Year Term Net Lease | Limited LL Responsibilities
- Located Near the Hills & Dales Hospital | 25-Bed Critical Access Facility
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar | Dollar Tree located in Cass City, Michigan (the “Property”). This is a relocation from across the street into a newly constructed combo store that leverages the strengths of both brands to serve small towns across the country. The Property consists of a 10,500-square-foot freestanding retail building, on a 1.52-acre parcel of land. Family Dollar | Dollar Tree is operating under a brand new, 10-year net lease, offering a passive investment asset with limited landlord responsibilities. See Lease Abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,500 SF
Building Class
B
Year Built
2023
Price
$1,750,000
Price Per SF
$167
Cap Rate
7.50%
NOI
$131,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
1.52 AC
Zoning
N/Av, Cass City
Parking
56 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
200 FT on Cass City Road
PROPERTY TAXES
| Parcel Number | 035-028-000-5300-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $277,500 |
PROPERTY TAXES
Parcel Number
035-028-000-5300-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$277,500
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