Building Details

Building Size 9,173 SF

Year Built 2014

Buildings 1

Tenancy Single

Listing Agency: Signature Associates - Southfield

Listed By: Marvin Petrous · License #6501386692 Show Phone

Source: Cpix.resimplifi

Added: Nov 6, 2025 Changed: Oct 14 Last Checked: Oct 16 at 5:47AM

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Investment Insights

Based on property information with market context.

The property is a 9,173-square-foot Family Dollar retail building completed in 2014. It occupies 2.17 acres and is leased under an absolute NNN structure, with the current term extending through June 30, 2029. C-2, Highway Commercial zoning applies to the site.

Located at 7381 N. Genesee Rd in Genesee Township, Michigan, the property benefits from reported traffic exceeding 9,500 vehicles per day on North Genesee Road. Nearby retailers and service providers include Chase, Subway, McDonald’s, VG's Grocery, and Marathon Service Station.

Key Highlights

• 9,173‑square‑foot Family Dollar building completed in 2014
• 2.17‑acre site in Genesee Township, MI
• Absolute NNN lease runs through June 30, 2029

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,025

Cap Rate

7.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,660,500 $1.7M

Cap Rate 7%

$1,186,071 $1.2M

Cap Rate 9%

$922,500 $922.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,173 SF

Gross rent

$137.6K $15.00/SF

− Vacancy

−$19.0K −$2.07/SF

EGI

$118.6K $12.93/SF

− OpEx

−$35.6K −$3.88/SF

NOI

$83.0K $9.05/SF

Area

Lansing, MI

Vacancy

13.80%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,660,500

Cap Rate 7%

$1,186,071

Cap Rate 9%

$922,500

Alternative Uses

Best Use

Retail

$1.19M

$1.04M – $1.38M (±1% cap)

NOI $83,025 @ 7.0% cap · market cap 7.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,173 @ 7.0% cap · market cap 12.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Auto Parts Store HVAC Service Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,813 visits/mo 0.2 miles

Marathon Shops & Services

4,855 visits/mo 0.3 miles

Family Dollar Shops & Services

4,320 visits/mo 0.5 miles

Demographics for 48437, MI

619

Population

273

Households

2.3

Avg Household Size

50

Median Age

3%

College-Educated

91%

High-School Grad

0.6 sq mi

ZIP Area

1,032

Density / Sq Mi

$38,553

Median Household Income

$20,592

Median Earnings

$738

Median Rent

$114,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant retail investment with C-2 Highway Commercial zoning and a long-term absolute NNN lease.

Where is this nnn property located?

The property is located at 7381 N Genesee Rd Genesee, MI.

What is the asking price?

The asking price for this property is $1,065,000.

What are key features of this property?

This property features: 9,173‑square‑foot Family Dollar building completed in 2014; 2.17‑acre site in Genesee Township, MI; Absolute NNN lease runs through June 30, 2029