Hamtramck Dollar General Investment Opportunity

3812 E Davison St, Hamtramck, MI

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Dollar General in Hamtramck, MI with over 3 years term.

Type:RETAIL

Property size:

11,060 SF

Lot size:

1.41 Acres

Price / SF:

$146/SF

HighLights

Investment Grade Tenant: Dollar General with BBB S&P credit rating.
High Traffic Location: Situated at the intersection of Conant St. and Davison St. with approximately 32,000 vehicles per day.
Over 3 years remaining on the lease term, indicating tenant commitment.
Dense Population: Over 353,000 residents within a 5‑mile radius.
Strong Local Demographics: Average household income of $46,228 within a 5‑mile radius.
Located within the Detroit Metropolitan Statistical Area (MSA).

We can help!

Listing Contact

Chance Hales

For Sale

Contact for pricing

Dollar General in Hamtramck, MI with over 3 years term.

Type:RETAIL

Property size:

11,060 SF

Lot size:

1.41 Acres

Price / SF:

$146/SF

Added:: Mar 21, 2023
Days on Market:: 1183
Last Refresh:: May 20 at 9:20 pm

Property Features for 3812 E Davison St

General Information

Standard status: Active
Size: 11,060 SF
Lot size: 1.41 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Chance Hales

Listing agent Chance Hales License #TX 697980

Listing office Trinity Real Estate Investment Services - Corporate

Listing date Mar 21, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate

HighLights

Investment Grade Tenant: Dollar General with BBB S&P credit rating.
High Traffic Location: Situated at the intersection of Conant St. and Davison St. with approximately 32,000 vehicles per day.
Over 3 years remaining on the lease term, indicating tenant commitment.
Dense Population: Over 353,000 residents within a 5‑mile radius.
Strong Local Demographics: Average household income of $46,228 within a 5‑mile radius.
Located within the Detroit Metropolitan Statistical Area (MSA).

Overview

This Dollar General property is located approximately 7 miles from downtown Detroit, Michigan, an area with a total population exceeding 3.52 million residents. Situated at the intersection of Conant Street and Davison Street, the location benefits from a combined daily traffic count of nearly 32,000 vehicles. The surrounding area has a dense population of over 353,000 residents within a 5-mile radius, with an average household income of $46,228. The property offers an extended term with over 3 years remaining, indicating the tenant's commitment to the location. Dollar General is an investment-grade tenant with an S&P credit rating of BBB.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$199.1k	$18.00
− Vacancy	−$8.0k	−$0.72
EGI	$191.1k	$17.28
− OpEx	−$47.8k	−$4.32
NOI	$143.3k	$12.96

11,060 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,338 @ 7.0% cap · market cap 8.86%

Second Best

Retail

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $104,796 @ 7.0% cap · market cap 6.48%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Hamtramck
County: Wayne
State: Michigan
Longitude: -83.0606
Latitude: 42.4152

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What type of property is this?

Storefront property - Dollar General in Hamtramck, MI with over 3 years term.

Where is this storefront property located?

The property is located at 3812 E Davison St Hamtramck, MI.

What is the asking price?

The asking price for this property is $1,617,645.

What are key features of this property?

This property features: Investment Grade Tenant: Dollar General with BBB S&P credit rating.; High Traffic Location: Situated at the intersection of Conant St. and Davison St. with approximately 32,000 vehicles per day.; Over 3 years remaining on the lease term, indicating tenant commitment.

3812 E Davison St, Hamtramck, MI

Dollar General in Hamtramck, MI with over 3 years term.

Property Features for 3812 E Davison St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

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Industrial Warehouse with Office Space

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Industrial Davison - Automotive Repair and Salvage

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Three-Unit Residential Income Property

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Hamtramck Commercial Building Opportunity

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Hamtramck Commercial Building For Sale

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