Entity Owned Property summary
This exceptional investment opportunity presents a newly constructed (2023), 10,500-square-foot Family Dollar Tree and Family Dollar combination store located at 470 N Main St, Reading, MI 49274. The property sits on a 1.7-acre lot with ample parking (42 spaces) and enjoys a prominent Main Street location. The single-tenant, fee-simple property is currently 100% occupied under a corporate-guaranteed, double-net (NN) lease with a credit-rated tenant. The initial lease term is 10 years… (commencing September 28, 2023, and expiring September 27, 2033), with four 5-year renewal options, each including a $0.50/SF rent increase. The current annual net operating income (NOI) is $123,375, representing a 7.85% cap rate and a price per square foot of $149.68. The property boasts limited competition, being one of only two dollar stores within a six-mile radius. Its strategic location offers convenient access to a substantial customer base, benefiting from its proximity to Hillsdale (16 minutes), Coldwater (28 minutes), and larger cities like Battle Creek and Jackson (within an hour's drive). This investment presents a stable, low-maintenance asset with significant long-term growth potential in a desirable market. The property's zoning is commercial, and the APN is 30-20-110-001-059-22-7-4.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 1.91 ac
- APN
- 20-110-001-059-22-7-4
- Assessed value · 2024
- $557,200
- Annual tax · 2023
- $967
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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