Sav-a-Lot/Family Dollar Retail Center
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

Vince Pipia

Investment Advisor

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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.