Sav-a-Lot/Family Dollar Retail Center
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PROPERTY ADDRESS
11817-11825 E. Eight Mile Rd., Warren, MI 48089
PROPERTY INFORMATION
Price:
$2,521,975
Cap Rate:
8.0%
Term Remaining:
Varies by Tenant Years
Year Built:
1963
INVESTMENT HIGHLIGHTS
- 10 Year NN Leases with Minimal Landlord Responsibilities
- Brand New Family Dollar Store Joined Existing Save-a-Lot Retail Center
- 293 Feet of Frontage on 8 Mile Road | 216 Feet of Frontage on Groesbeck Highway
- Corporate Guaranteed Leases for Both Tenants
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present a Save-a-Lot/Family Dollar retail center located at 11817-11825 E. Eight Mile Road in Warren, MI. This NN lease has minimal landlord responsibilities and both leases have corporate guarantees. The brand new Family Dollar store opened (January 2017) in an existing Save-a-Lot retail center.
The surrounding area is densely populated with 387,000+ residents within 5 miles. The median home value within five miles exceeds $68,000 and the average household income exceeds $46,000. The subject property is located near other retail tenants Including McDonalds, CVS, Burger King, Walgreens, Forman Mills, Gardner White Furniture, Wendy’s and Chase Bank.