3431 Joy Rd Detroit, MI 48206
High-yield retail investment. Strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Brand new, fully renovated building (exterior walls and trusses excluded).
- Double-net lease with approximately 7.5 years remaining, plus four 5-year renewal options.
- Tenanted by Dollar General, an S&P 500 company.
- Rent increases every five years, including option periods.
- 12,198 square-foot building on a 0.81-acre lot, previously a supermarket.
- Offered at below replacement cost with strong credit tenant and low rent per square foot.
Property Details for 3431 Joy Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 12,198 SF
- Year Built/Renovated
- 1954/2022
- Lot Size (sq. ft)
- 35,284 SF
Location Insight
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Latitude
- 42.37069756
- Longitude
- -83.11608421
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-yield retail investment. Strong tenant.
- Where is the lifestyle center located?
- The property is located at 3431 Joy Rd Detroit, MI.
- What is the asking price?
- The asking price for this property is $1,044,444.
- What are key features of this property?
- This property features: Brand new, fully renovated building (exterior walls and trusses excluded).; Double-net lease with approximately 7.5 years remaining, plus four 5-year renewal options.; Tenanted by Dollar General, an S&P 500 company.
- How can I contact the broker?
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