7600 Brockway RdYale, MI 48097

Property Details for 7600 Brockway Rd

Lot size

1.08 AC

Property size (Sq ft)

9,014 SF

Zone code

B

Property type

Outlet malls

APN

74-10-014-4010-001

APU

74100144010001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,755,927

  6.5%

  $2,543,933

  7%

  $2,362,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,124,787

  Geo Method

  $2,124,787

• Alternative Use

  Use

  Valuation

  Residential

  $2,145,902

  Hospitality

  $1,965,635

  Educational

  $1,635,385

  Medical

  $1,691,629

  Retail

  $2,543,933

Location Insight

City

Brockway

County

St. Clair

State

Michigan

Latitude

43.1184

Longitude

-82.7904

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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