2545 Schaefer Hwy Detroit, MI 48217

This exceptional investment opportunity presents a 12,150 square foot Dollar Tree store in Detroit, Michigan, located at 2545 Schaefer Hwy, 48217. Boasting a strong 7.80% cap rate and a $118,172 NOI, this property offers a secure investment with a corporate-guaranteed lease remaining for 3 years. The property, built in 1958, benefits from a new roof warranty and enjoys a prime location with exceptional visibility on Schaefer Highway, experiencing over 30,100 vehicles daily. The surrounding area demonstrates strong demographics, including a 3-mile population of approximately 82,914 residents and a 5-mile population of approximately 246,033 residents, with an average household income of $69,596. Placer AI data indicates approximately 114,200 weekly visits to the immediate trade area. This is one of only two Dollar Tree locations in the area, making it a highly desirable retail destination. Dollar Tree, a leading discount retailer with over 16,000 locations and an S&P BBB rating, is an investment-grade credit tenant that experienced significant growth during the COVID-19 pandemic. The asking price is $1,515,026, translating to $125 per square foot. This NNN-leased, single-tenant property offers a compelling combination of strong tenant performance, favorable demographics, and a high-yield return. The property is 100% occupied.