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.
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 Details
for 6121 Cass City Rd
Property type
Other retail properties, Individual retail properties
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Contacts
Christian Tremblay
BJ Feller
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6121 Cass City Rd, Cass City, Michigan, 48726
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6121 Cass City Rd
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