26058 6 Mile RdRedford Charter Township, MI 48240

Property Details for 26058 6 Mile Rd

Year built

1950

Construction

CONCRETE BLOCKS

Lot size

0.52 AC

Property size (Sq ft)

14,242 SF

Property type

Outlet malls

APN

79 010 01 1875 000

APU

79010011875000

Description

This exceptional retail investment opportunity presents a fee-simple 13,428 square foot Dollar Tree store in Redford Charter Township, MI. Built in 2016 with premium all-brick construction and a brand new roof (2023) boasting a 15-year warranty, this property benefits from a 10-year Net Lease (NN+) with a credit-rated, corporate-guaranteed tenant. The lease, commencing July 17, 2016, and expiring July 31, 2026, includes three, five-year renewal options, each with a $0.50 per square foot rent increase. The property boasts a strong 8% cap rate, generating a net operating income (NOI) of $114,809. Situated on a 1.95-acre lot at 26058 Six Mile Rd, 48240, the location enjoys exceptional visibility and high traffic counts exceeding 41,000 vehicles daily. The 5-mile radius boasts an estimated population of 275,746 residents, while the 10-mile radius encompasses approximately 1,164,787 residents, with an average annual household income of approximately $79,883. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant upside potential. The property is 100% occupied and offers a remaining lease term of approximately 1.7 years.

Location Insight

City

Redford

County

Wayne

State

Michigan

Latitude

42.4142

Longitude

-83.2996

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].