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    6121 Cass City Rd Cass City, MI 48726

    For Sale
    $1,750,000

    Michigan Retail Investment Opportunity

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,500-square-foot Family Dollar/Dollar Tree combo store, constructed in 2023. Located in Cass City, Michigan, at 6121 E Cass City Rd, 48726, this single-tenant property sits on a 1.52-acre lot and boasts a 10.2-year net lease (NN) with 5 x 5-year options, commencing December 7, 2023, and expiring February 28, 2034. The lease features a credit-rated tenant with a corporate guarantee, ensuring a secure investment. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $131,250, resulting in a 7.50% cap rate and a price per square foot of $166.67. The asking price is $1,750,000. This prime retail location along Cass City Road, a major east-west thoroughfare with over 3,261 vehicles per day (VPD), benefits from excellent visibility and accessibility. Strong demographics within a 10-mile radius, including over 11,490 people with an average annual household income of $81,973, support the store's success. The property's proximity to Hills & Dales Hospital, a 25-bed critical access facility, further enhances its strategic position within the community. This is a relocation to a newly constructed store, leveraging the combined strengths of both brands to serve the local market. The property offers a passive investment with limited landlord responsibilities, making it an attractive option for qualified investors seeking a stable, long-term return.

    Property Features for 6121 Cass City Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,500 SF
    Lot Size
    66,211 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Brand new, 10,500 square foot Family Dollar/Dollar Tree combo store built in 2023.
    • 10.2‑year net lease with 5 x 5‑year options, starting December 7, 2023. Credit‑rated tenant with corporate guarantee.
    • High‑traffic location on Cass City Road (3,261 VPD), offering excellent visibility and accessibility.
    • Strong demographics: over 11,490 people within a 10‑mile radius, average household income $81,973. Proximity to Hills & Dales Hospital.
    • $1,750,000 asking price, 7.50% cap rate, $166.67 price per square foot, $131,250 NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Family Dollar Dollar Store Dollar General Dollar Store

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cass City
    County
    Sanilac
    State
    Michigan
    Longitude
    -83.0790476
    Latitude
    43.6034573

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    FAQs

    What type of property is this?
    Individual retail property - Michigan Retail Investment Opportunity
    Where is this individual retail property located?
    The property is located at 6121 Cass City Rd Cass City, MI.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Brand new, 10,500 square foot Family Dollar/Dollar Tree combo store built in 2023.; 10.2-year net lease with 5 x 5-year options, starting December 7, 2023. Credit-rated tenant with corporate guarantee.; High-traffic location on Cass City Road (3,261 VPD), offering excellent visibility and accessibility.
    Request Owner's contact information
    6121 Cass City Rd Cass City, MI 48726
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    Cass City, MI 48726
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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
    6121 Cass City Rd Cass City, MI 48726
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