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120 E Broadway Ave
Muskegon, MI 49444
Family Dollar · Retail Property For Sale
Investment Highlights
- Corporate Tenant – The lease is signed by Family Dollar Stores of Michigan, Inc. Family Dollar operates over 7,100 locations across the country
- Passive Value-Add Investment – This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term
- ssential Retail – Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets
- Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income
- Attractive Increase Schedule – 10% rental increases in each of the Six, 5-year options, which is beneficial to an owner
- Recession Resistant Tenant – Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers
Executive Summary
Broker of Record
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,082 SF
Building Class
C
Year Built
2015
Price
$1,673,888 CAD
Price Per SF
$184.31 CAD
Cap Rate
8.50%
NOI
$142,281 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
SUD
Property Taxes
| Parcel Number | 26-185-198-0002-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $372,402 CAD |
Property Taxes
Parcel Number
26-185-198-0002-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$372,402 CAD
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