For Sale
$908,734

7600 Brockway Rd Yale, MI 48097

Yale, MI Convenience Store - Strong Returns

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity features a 9,014-square-foot Dollar General store situated on a 1.08-acre lot in Yale, Michigan. The property boasts a strong 7.35% cap rate and a substantial net operating income (NOI) of $66,792. The single-tenant, net lease (NN) structure minimizes landlord responsibilities, with a corporate guarantee providing significant security. The lease, commencing June 12, 2013, and expiring November 30, 2029, has approximately 5 years remaining, with four (5) year renewal options, each including a 10% rent increase. The property includes 49 parking spaces and is zoned for commercial use. The asking price is $908,734, translating to $100.81 per square foot. This location benefits from high traffic volume, exceeding 10,000 vehicles daily, and is situated in a desirable area with an average annual household income exceeding $72,000 within a 5-mile radius. According to Placer.ai, this store ranks in the top 95% statewide and top 92% nationwide for store visits. This is a turnkey investment with a proven track record and significant upside potential. The property consists of a single, one-story building with 100% occupancy.

Highlights

  • Top 95% statewide and top 92% nationwide in store visits (Placer.ai).
  • $72,000+ average annual household income within a 5-mile radius.
  • Over 10,000 vehicles per day traffic count.

Property Details for 7600 Brockway Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,014 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
47,045 SF

Location Insight

City
Yale
County
St Clair
State
Michigan
Latitude
43.1185265
Longitude
-82.7903938

FAQs

What type of property is this?
Retail property - Yale, MI Convenience Store - Strong Returns
Where is the retail property located?
The property is located at 7600 Brockway Rd Yale, MI.
What is the asking price?
The asking price for this property is $908,734.
What are key features of this property?
This property features: Top 95% statewide and top 92% nationwide in store visits (Placer.ai).; $72,000+ average annual household income within a 5-mile radius.; Over 10,000 vehicles per day traffic count.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7600 Brockway Rd
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