7600 Brockway Rd Brockway, MI 48097-3408
Property profile & analytics
7600 Brockway Rd Brockway, MI 48097-3408
- Outlet malls
- 9,014 SF
- 1.08 lot acres
Property ID
US43-4541452
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
- Outlet malls
Property Details for 7600 Brockway Rd
- Lot size
- 1.08 lot acres
- Property size
- 9,014 SF
- Zone code
- B
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 74-10-014-4010-001
- APU
- 74100144010001
Description
This exceptional investment opportunity features a 9,014-square-foot Dollar General store situated on a 1.08-acre lot in Yale, Michigan. The property boasts a strong 7.35% cap rate and a substantial net operating income (NOI) of $66,792. The single-tenant, net lease (NN) structure minimizes landlord responsibilities, with a corporate guarantee providing significant security. The lease, commencing June 12, 2013, and expiring November 30, 2029, has approximately 5 years remaining, with four (5) year renewal options, each including a 10% rent increase. The property includes 49 parking spaces and is zoned for commercial use. The asking price is $908,734, translating to $100.81 per square foot. This location benefits from high traffic volume, exceeding 10,000 vehicles daily, and is situated in a desirable area with an average annual household income exceeding $72,000 within a 5-mile radius. According to Placer.ai, this store ranks in the top 95% statewide and top 92% nationwide for store visits. This is a turnkey investment with a proven track record and significant upside potential. The property consists of a single, one-story building with 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $640,000 Current use
- COMMERCIAL (GENERAL)
- $820,000 Change: +28% Conversion: Easy
- OFFICE BUILDING
- $730,000 Change: +15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $585,000 Change: -8% Conversion: Difficult
- WAREHOUSE, STORAGE
- $515,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Brockway
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.7904
- Latitude
- 43.1184
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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
2023
$6,525
$0.00
$0.00
$143,400
-
$0.00
$0.00
$286,800
