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14305 Harper Ave 8,000 SF Retail Building Detroit, MI 48213 $1,953,280 CAD ($244.16 CAD/SF) 8% Cap Rate
EXECUTIVE SUMMARY
PROPERTY HIGHLIGHTS:
Single-tenant net lease Family Dollar property located in Detroit, MI New 2015 renovation NNN+ lease with ±2.7 years remaining and (2) 5-year renewal
options Located at the hard corner of Harper Avenue & Chalmers Street with multiple points of entry/access Offered at low rent/SF – strong credit asset at well below replacement cost ±8,000 SF building situated on ±0.35 acres Strong dollar store demographics in a densely populated market, just 15 minutes from downtown Detroit, MI
Single-tenant net lease Family Dollar property located in Detroit, MI New 2015 renovation NNN+ lease with ±2.7 years remaining and (2) 5-year renewal
options Located at the hard corner of Harper Avenue & Chalmers Street with multiple points of entry/access Offered at low rent/SF – strong credit asset at well below replacement cost ±8,000 SF building situated on ±0.35 acres Strong dollar store demographics in a densely populated market, just 15 minutes from downtown Detroit, MI
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
1937
Price
$1,953,280 CAD
Price Per SF
$244.16 CAD
Cap Rate
8%
NOI
$156,262 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.57
Lot Size
0.32 AC
Zoning
B4 - Commercial Zoned District
Parking
30 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
140’ on Harper Ave
AMENITIES
- Signage
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 21-0043700 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $309,108 CAD |
PROPERTY TAXES
Parcel Number
21-0043700
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$309,108 CAD
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14305 Harper Ave
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