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    2545 Schaefer Hwy Detroit, MI 48217

    Sponsored
    For Sale
    $1,515,026

    High-Yield Detroit Convenience Store

    Property size:
    12,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 12,150 square foot Dollar Tree store in Detroit, Michigan, located at 2545 Schaefer Hwy, 48217. Boasting a strong 7.80% cap rate and a $118,172 NOI, this property offers a secure investment with a corporate-guaranteed lease remaining for 3 years. The property, built in 1958, benefits from a new roof warranty and enjoys a prime location with exceptional visibility on Schaefer Highway, experiencing over 30,100 vehicles daily. The surrounding area demonstrates strong demographics, including a 3-mile population of approximately 82,914 residents and a 5-mile population of approximately 246,033 residents, with an average household income of $69,596. Placer AI data indicates approximately 114,200 weekly visits to the immediate trade area. This is one of only two Dollar Tree locations in the area, making it a highly desirable retail destination. Dollar Tree, a leading discount retailer with over 16,000 locations and an S&P BBB rating, is an investment-grade credit tenant that experienced significant growth during the COVID-19 pandemic. The asking price is $1,515,026, translating to $125 per square foot. This NNN-leased, single-tenant property offers a compelling combination of strong tenant performance, favorable demographics, and a high-yield return. The property is 100% occupied.

    Property Features for 2545 Schaefer Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,150 SF

    Building Details

    Year Built
    1958

    HighLights

    • Corporate‑guaranteed lease with 3 years remaining.
    • New roof warranty.
    • One of only two Dollar Tree locations in the trade area; Placer AI data shows ~114,200 weekly visits.
    • 3‑mile radius population of ~82,914; 5‑mile radius population of ~246,033.
    • Average household income within 5‑mile radius: $69,596.
    • Schaefer Hwy location boasts over 30,100 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store Saneki Thomas Auto ... Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1475621
    Latitude
    42.2755387

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Detroit Convenience Store
    Where is this individual retail property located?
    The property is located at 2545 Schaefer Hwy Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,515,026.
    What are key features of this property?
    This property features: Corporate-guaranteed lease with 3 years remaining.; New roof warranty.; One of only two Dollar Tree locations in the trade area; Placer AI data shows ~114,200 weekly visits.
    Request Owner's contact information
    2545 Schaefer Hwy Detroit, MI 48217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2545 Schaefer Hwy Detroit, MI 48217
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