6121 E Cass City Rd Cass City, MI 48726
Property profile & analytics
6121 E Cass City Rd Cass City, MI 48726
- Commercial real estate
- 1.52 lot acres
Property ID
US43-2407708
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Western Union / Bank / Credit Union
- Family Dollar / Discount Store
- Dollar General / Discount Store
Property Details for 6121 E 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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cass City
- County
- Tuscola
- State
- Michigan
- Longitude
- -83.1861
- Latitude
- 43.6012
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$6,701
$0.00
$0.00
$57,100
-
$0.00
$0.00
$114,200
