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22200 W Grand River Ave 9,476 SF Retail Building Detroit, MI 48219 $2,126,475 CAD ($224.41 CAD/SF) 8.27% Cap Rate
Investment Highlights
- Excellenet NNN Investment Opportunity
- Well Maintained Property
Executive Summary
Forward Commercial Group (FCG) is pleased to present for sale 22200 W. Grand River Avenue, a 9,476 square-foot single-tenant net-leased (NNN) retail
property located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan. The asset is positioned within a well-established retail corridor.
Constructed in 2012, the property is fully leased to Family Dollar under a triple-net (NNN) lease structure with term remaining through September 2027. The tenant is presently operating within its first renewal period.
The o?ering provides in-place cash flow with a clearly defined near-term lease maturity, complemented by multiple remaining renewal options.
Please do not disturb the tenant.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,476 SF
- $17.61 CAD
- Triple Net
- Sep 2027
Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 9,476 SF | $17.61 CAD | Triple Net | Sep 2027 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-007817 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $424,887 CAD |
Property Taxes
Presented by
22200 W Grand River Ave
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