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9091-9099 Old Us Highway 31 14,935 SF 100% Leased Retail Building Berrien Springs, MI 49103 $1,500,026 CAD ($100.44 CAD/SF) 8.65% Cap Rate
Executive Summary
**DUAL TENANT INVESTMENT OPPORTUNITY**:
**AutoZone early extended a 10 Year Lease + Options**
-Dual-tenant property featuring AutoZone and Family Dollar
-NN lease structures for both tenants
-Tenant Responsibilities: Interior, HVAC, utilities, routine maintenance
-Landlord Responsibilities: Roof, structure, parking lot
-Family Dollar side includes a brand-new 2025 roof (minimal near-term capital exposure)
-Excellent visibility and frontage on Old US-31 with strong traffic
-Family Dollar has "Percentage Rent" in their lease
-Diversified income stream from two national, recession-resistant tenants
-AutoZone Annual Rent: $28,356.00
-Family Dollar Annual Rent: $49,350
-Total Gross Income: $101,164.00
-Net Operating Income: $95,164.00
-Lease Term Remaining: $101,164.00
-AutoZone: Approximately 14 months
-Family Dollar: Approximately 3 years 2.5 months
-Asking Price: $1,100,000
**AutoZone early extended a 10 Year Lease + Options**
-Dual-tenant property featuring AutoZone and Family Dollar
-NN lease structures for both tenants
-Tenant Responsibilities: Interior, HVAC, utilities, routine maintenance
-Landlord Responsibilities: Roof, structure, parking lot
-Family Dollar side includes a brand-new 2025 roof (minimal near-term capital exposure)
-Excellent visibility and frontage on Old US-31 with strong traffic
-Family Dollar has "Percentage Rent" in their lease
-Diversified income stream from two national, recession-resistant tenants
-AutoZone Annual Rent: $28,356.00
-Family Dollar Annual Rent: $49,350
-Total Gross Income: $101,164.00
-Net Operating Income: $95,164.00
-Lease Term Remaining: $101,164.00
-AutoZone: Approximately 14 months
-Family Dollar: Approximately 3 years 2.5 months
-Asking Price: $1,100,000
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,935 SF
Building Class
C
Year Built
1986
Price
$1,500,026 CAD
Price Per SF
$100.44 CAD
Cap Rate
8.65%
NOI
$129,771 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.70 AC
Zoning
B
Parking
51 Spaces (6.82 Spaces per 1,000 SF Leased)
Frontage
359’ on Old Us-31 Hwy
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-15-0013-0012-09-6 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $536,191 CAD |
Property Taxes
Parcel Number
11-15-0013-0012-09-6
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$536,191 CAD
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9091-9099 Old Us Highway 31
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