Family Dollar NNN Retail
For Sale
$1,325,000
7381 N Genesee Rd, Genesee, MI 48437
Single-tenant retail investment with C-2 Highway Commercial zoning and a long-term absolute NNN lease.
Property Size9,173 SF
Lot Size2.17 Acres
Price / SF$144.45
Days on Market299
Property Features for 7381 N Genesee Rd
General Information
Standard status
Active
Size
9,173 SF
Total Parking Spaces
32
Lot size
2.17 Acres
Property subtype
Retail, Investment
Zoning
C-2, Highway Commercial
Building Details
Building Size
9,173 SF
Year Built
2014
Buildings
1
Tenancy
Single
Listing Agency:
Signature Associates - Southfield
(248) 359-0647
Listed By:
Marvin Petrous
(248) 359-0647
Source:
Cpix.resimplifi
Added: Nov 6, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:12PM
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 Signature Associates - Southfield
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,025
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,660,500
$1.7M
Cap Rate 7%
$1,186,071
$1.2M
Cap Rate 9%
$922,500
$922.5K
Market Conditions
NOI Build-Up for 9,173 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $83,025 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,173 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $1,325,000.
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
