19160 Greenfield Rd Detroit, MI 48235-2001

This exceptional retail investment opportunity presents a 11,057 square foot Family Dollar store located at 19160 Greenfield Rd, Detroit, MI 48235, within the Detroit MSA. The property boasts a 10-year Net Net (NN) lease with six, five-year renewal options, providing significant long-term stability. The lease is corporately guaranteed by Dollar Tree, a credit-rated investment-grade tenant (BBB-), offering exceptional security. With an 8.00% cap rate and a current NOI of $82,000, this property offers a compelling return on investment. The building, constructed in 1998, enjoys 100% occupancy and benefits from a high-traffic location with over 16,000 vehicles per day passing by. The surrounding demographics are highly favorable, with approximately 383,488 residents within a 5-mile radius and an average household income of $66,699. This property is ideally situated to capitalize on the strong performance of Family Dollar, a leading discount retailer with over 16,000 locations nationwide. The asking price is $1,025,000. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant upside potential.