825 Grand River Ave Williamston, MI 48895

This exceptional investment opportunity presents a brand-new, 10,500-square-foot Dollar Tree located at 825 W Grand River Ave, Williamston, MI 48895. The property sits on a 1.51-acre lot and boasts 60 parking spaces. Currently under construction with a projected completion date of October 31, 2024, this Class A retail building features a 10-year lease commencing September 29, 2024, and expiring October 9, 2034, with a 100% occupancy rate. The lease is a Net-Net (NN) structure, and includes rent bumps of $0.50 per square foot every five years. The property offers a compelling 6.49% cap rate and a strong NOI of $139,125. The building is zoned for commercial use and is situated in a prime location next to Biggby and Goodwill, with no other Dollar Tree stores in the immediate market. This is a value-add opportunity structured as a 1031 exchange, making it an attractive investment for qualified buyers. The property's strong tenant, favorable lease terms, and strategic location make it a highly desirable asset in a growing market. The asking price is $2,150,000, translating to $215 per square foot. This is a rare chance to acquire a flagship Dollar Tree prototype in a thriving Michigan community.