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315 N Main St 10,500 SF Retail Building Olivet, MI 49076 $2,521,032 CAD ($240.10 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction: Brand-new 2024 build minimizes near term maintenance and capital expenditure risk.
- Minimal Landlord Responsibilities
- Essential Retail Concept
- New 10-Year Corporate Lease: Lease commenced October 2024, providing investors with a fresh full-term lease and long-term income stability
- New Construction = Reduced Capital Expenditures
EXECUTIVE SUMMARY
AQRE Advisors is pleased to present for sale the Family Dollar/ Dollar Tree Combo Store, a ±10,500 SF retail property located at 315 N Main St, Olivet, MI 49076 (“Property”). Situated on 1.76 acres of land, the Property is fully leased to Family Dollar/Dollar Tree, offering investors a stable, income-generating asset backed by a nationally recognized tenant.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$2,521,032 CAD
Price Per SF
$240.10 CAD
Cap Rate
7.50%
NOI
$189,077 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.76 AC
Zoning
CM
PROPERTY TAXES
| Parcel Number | 600-040-600-490-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,221,721 CAD |
PROPERTY TAXES
Parcel Number
600-040-600-490-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,221,721 CAD
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315 N Main St
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