14305 Harper Ave Detroit, MI 48213

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store situated at 14305 Harper Ave, Detroit, MI 48213. The 8,000 square foot building, constructed in 2004 and renovated in 2015, sits on a 0.35-acre lot at a hard corner location with multiple access points. The property boasts a strong 9.02% cap rate, generating a net operating income (NOI) of $110,000. The lease, a NN+ structure with a credit-rated tenant, commenced January 15, 2004, and expires June 30, 2027, offering a remaining lease term of approximately 2.6 years, plus two 5-year renewal options with 10% rent bumps every 5 years. The property benefits from 100% occupancy and is situated in a densely populated area, just 15 minutes from downtown Detroit. This stabilized investment offers a compelling combination of strong tenant credit, a favorable lease structure, and a high-performing asset well below replacement cost. The asking price is $1,220,000. Wayne County APN: 21004370-0.