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Dick's Sporting Goods - New Baltimore, MI 50580 Waterside Dr 49,979 SF Retail Building New Baltimore, MI 48051 $10,931,450 CAD ($218.72 CAD/SF) 7.65% Cap Rate
EXECUTIVE SUMMARY
- Single-Tenant Dick’s Sporting Goods (NYSE: DKS - $13.44 Billion in Sales FY 2024) | 800+ Retail Stores in the U.S. | Investment Grade Credit S&P: BBB / Outlook: Positive
- 2.7 Years of Primary Term Remaining | Scheduled $0.50 PSF Rental Increases at each Option | 4 (5-Year) Options Remaining | Passive NN Lease
- Highly Visible and Heavily Trafficked Location | Situated on Interstate 94 (71,053 VPD) | Located within the Dominant (2.2 million SF) Waterside Marketplace Shopping Center
- Detroit MSA Location | Growing Demographics | Expanding Affluent Northern Detroit Suburban Location
- 2.7 Years of Primary Term Remaining | Scheduled $0.50 PSF Rental Increases at each Option | 4 (5-Year) Options Remaining | Passive NN Lease
- Highly Visible and Heavily Trafficked Location | Situated on Interstate 94 (71,053 VPD) | Located within the Dominant (2.2 million SF) Waterside Marketplace Shopping Center
- Detroit MSA Location | Growing Demographics | Expanding Affluent Northern Detroit Suburban Location
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
49,979 SF
Building Class
B
Year Built
2007
Price
$10,931,450 CAD
Price Per SF
$218.72 CAD
Cap Rate
7.65%
NOI
$836,256 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
5.46 AC
Zoning
C2 SHO
Parking
301 Spaces (6.02 Spaces per 1,000 SF Leased)
Frontage
133’ on Waterside Dr
AMENITIES
- Freeway Visibility
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-09-20-177-108 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,773,311 CAD |
PROPERTY TAXES
Parcel Number
15-09-20-177-108
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,773,311 CAD
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Dick's Sporting Goods - New Baltimore, MI | 50580 Waterside Dr
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