16401 Harper AveDetroit, MI 48224
For Sale
$1,365,037
High-traffic, Net-Leased Family Dollar
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- $1,365,037 asking price for a fee-simple, net-leased retail property.
- 9,954 square foot building, built in 2004, with a single story.
- 100% occupancy with a credit-rated, corporate-guaranteed tenant (Dollar General, Dollar Tree, Family Dollar).
- NN+ lease with a 10-year term expiring June 30, 2034, including two 5-year options with 10% rent increases.
- 8% cap rate with a net operating income (NOI) of $109,203.
- High-traffic location on Hwy 94 (over 134,688 vehicles per day), serving a strong population base.
Property Details for 16401 Harper Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 9,954 SF
- Year Built
- 2004
- Buildings
- 1
- Stories
- 1
Location Insight
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Latitude
- 42.4120061
- Longitude
- -82.9434823
16401 Harper Ave, Detroit, Michigan
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-traffic, Net-Leased Family Dollar
- Where is the retail property located?
- The property is located at 16401 Harper Ave Detroit, MI.
- What is the asking price?
- The asking price for this property is $1,365,037.
- What are key features of this property?
- This property features: $1,365,037 asking price for a fee-simple, net-leased retail property.; 9,954 square foot building, built in 2004, with a single story.; 100% occupancy with a credit-rated, corporate-guaranteed tenant (Dollar General, Dollar Tree, Family Dollar).
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