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    Dollar General Anchored Shopping Center Title is generated by Realmo AI

    25205 Gratiot Ave, Roseville, MI 48066

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    24,887 SF shopping center anchored by Dollar General.

    Type:Retail
    Property size:
    24,887 SF
    Price / SF:
    $116/SF
    Added:
    Dec 15, 2022
    Days on Market:
    1259
    Last Refresh:
    May 19 at 9:13 pm

    Property Features for 25205 Gratiot Ave

    General Information

    Standard status
    Active
    Size
    24,887 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1960

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    Listing Contact
    Andrew Battersby
    Andrew Battersby

    Listing agent Andrew Battersby License #MI 6501384188

    Listing office Thomas Duke Company

    Listing date Dec 15, 2022

    Source Crexi

    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 Thomas Duke Company

    HighLights

    • Dollar General Anchored Shopping Center
    • 24,887 SF Shopping Center for sale
    • Located in Roseville, MI
    • Year Built: 1960

    Overview

    This commercial real estate offering is a 24,887 square foot shopping center anchored by Dollar General. The property is located in Roseville, Michigan.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $2.04M
    NOI $183,965 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.63M
    NOI $183,965 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.68M
    NOI $183,965 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
    Calculated for Retail

    Component $ $/SF
    Gross rent $298.6k $12.00
    − Vacancy −$35.8k −$1.44
    EGI $262.8k $10.56
    − OpEx −$78.8k −$3.17
    NOI $184.0k $7.39
    24,887 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $2.63M
    $2.30M – $3.07M (±1% cap)
    NOI $183,965 @ 7.0% cap · market cap 6.34%
    Second Best
    no second resolved use
    Theoretical Best
    Specialty Retail
    $4.66M
    $4.08M – $5.44M (±1% cap)
    NOI $326,147 @ 7.0% cap · market cap 11.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Young Tycoons Trucking Company Great Lakes Reptiles (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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    • Coinstar Kiosk | Bitcoin ATM Kroger - Michigan 30851, 30851 Gratiot Ave, Roseville, MI 48066

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Macomb
    State
    Michigan
    Longitude
    -82.947722
    Latitude
    42.481012

    FAQs

    What type of property is this?
    Shopping center - 24,887 SF shopping center anchored by Dollar General.
    Where is this shopping center located?
    The property is located at 25205 Gratiot Ave Roseville, MI.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Dollar General Anchored Shopping Center; 24,887 SF Shopping Center for sale; Located in Roseville, MI
    (248) 476-3700 Call to check price and availability
    More about this property
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