6121 Cass City Rd Cass City, MI 48726

Property Details for 6121 Cass City Rd

Lot size

1.52 lot acres

Property type

Commercial real estate

APN

035-028-000-5300-00

APU

35028000530000

Description

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.