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Investment Highlights

  • Absolute Net Lease
  • I-69 Frontage & Interstate Access
  • Complementary Tenant Mix Nearby
  • Established Retailer with Private-Equity Backing
  • Downtown Durand Retail Hub
  • Resilient Discount Retail Demand

Executive Summary

Northmarq is pleased to present a rare opportunity to acquire a retail property located at 8883 E Monroe Rd, Durand, Michigan 48429 (the “Property”). The Property consists of approximately 8,500 square feet of retail space on a 1.03-acre parcel, leased to Family Dollar under a 15-year absolute net lease with 3+ years of lease term remaining.

Attachments

Download OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,500 SF
Building Class
C
Year Built
2014
Price
$1,763,859 CAD
Price Per SF
$207.51 CAD
Cap Rate
8.50%
NOI
$149,928 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.03 AC
Zoning
C-2
Frontage
233’ on Monroe Rd

Amenities

  • Energy Star Labeled

Sustainability

Energy Star Certified
82
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Anytime Fitness
Fifth Third Bank
Huntington National Bank
Jazzercise

Property Taxes

Property Taxes

Parcel Number
020-82-014-015-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$506,557 CAD
  • Listing ID: 38204909

  • Date on Market: 2025-10-24

  • Last Updated:

  • Address: 8883 Monroe Rd, Durand, MI 48429

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