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    FOR SALE
    Outlet malls

    26058 W 6 Mile Rd, Redford, MI 48240

    14,242 SF 0.52 ac lot Built 1950
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4313566
    Property summary
    AI-generated overview

    This exceptional retail investment opportunity presents a fee-simple 13,428 square foot Dollar Tree store in Redford Charter Township, MI. Built in 2016 with premium all-brick construction and a brand new roof (2023) boasting a 15-year warranty, this property benefits from a 10-year Net Lease (NN+) with a credit-rated, corporate-guaranteed tenant. The lease, commencing July 17, 2016, and expiring July 31, 2026, includes three, five-year renewal options, each with a $0.50 per square foot rent increase. The property boasts a strong 8% cap rate, generating a net operating income (NOI) of $114,809. Situated on a 1.95-acre lot at 26058 Six Mile Rd, 48240, the location enjoys exceptional visibility and high traffic counts exceeding 41,000 vehicles daily. The 5-mile radius boasts an estimated population of 275,746 residents, while the 10-mile radius encompasses approximately 1,164,787 residents, with an average annual household income of approximately $79,883. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant upside potential. The property is 100% occupied and offers a remaining lease term of approximately 1.7 years.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1950
    Construction CONCRETE BLOCKS
    Total area 14,242 SF
    Lot 0.52 ac (22,651 SF)
    APN 79 010 01 1875 000
    UPID US43-4313566
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.23M
    Blend (final) Blend
    $1.29M
    Owner & transaction history
    Ns Retail Holdings LLC · 4 yrs held
    Ns Retail Holdings LLC
    since 2022
    7 recorded transactions
    2022
    2016
    2016
    2009
    $200,000
    2007
    $590,050
    2004
    $650,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.3M +32.1%
    Restaurant $1.3M +32.1%
    Neighborhood: shopping center $1.1M +9.7%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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