23351 Eureka Rd Taylor, MI 48180

This exceptional investment opportunity presents a fee-simple, 42,467 square foot Big Lots convenience store and grocery store in Taylor, Michigan (48180). Located at 23351 Eureka Rd on a 196,180 square foot lot, this property boasts a 20-year absolute NNN lease with a corporate guarantee from Big Lots, Inc. (NYSE: BIG). The lease features a 100% occupancy rate and a 2% annual rent increase, ensuring consistent income growth. The current net operating income (NOI) stands at $279,100, yielding a 6.25% cap rate at an asking price of $4,465,601 ($105.15/sq ft). The property is offered as a 1031 exchange opportunity and is free and clear of financing. Situated in a high-traffic area with strong demographics (average household income exceeding $86,100 within three miles and $93,000 within five miles), this asset offers significant long-term value. The large lot size presents potential for future redevelopment or pad development, adding further value-add potential. This is a rare opportunity to acquire a well-located, high-performing retail property with a strong tenant and a secure lease structure.