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Family Dollar - Monroe, MI 507 S Telegraph Rd 11,180 SF Retail Building Monroe, MI 48161 $1,299,602 CAD ($116.24 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Exceptionally Low Rent – Current rent is only $5.00 PSF annually, well below market averages for retail in the region
- Recent Renovation – Property was fully renovated in 2023, minimizing near-term capital expenditure requirements
- Stable Income Stream – Net operating income of $55,900 annually with scheduled 10% rent increases every 5 years
- Low Basis Price – Priced at just $83 PSF on the building, far under replacement cost for a modern 11,180 SF building
- Corporate Guarantee – Lease backed by Family Dollar, one of the nation’s largest discount retailers with over 8,200 locations
- Favorable Lease Economics – Double net lease with tenant covering HVAC, CAM, insurance, and tax reimbursements
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 55-19-00151-000 | Improvements Assessment | $839,540 CAD |
| Land Assessment | $125,572 CAD | Total Assessment | $965,112 CAD |
PROPERTY TAXES
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Family Dollar - Monroe, MI | 507 S Telegraph Rd
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