326 Main StEdmore, MI 48829

Property Details for 326 Main St

Lot size

0.60 AC

Property type

Commercial real estate

APN

041-080-187-00

APU

4108018700

Description

This exceptional investment opportunity presents a fully renovated 10,483 square foot Family Dollar store situated on a 0.7-acre lot in Edmore, Michigan. The property boasts a strong 6.10% cap rate and is strategically located at 326 E Main St, 48829, within Montcalm County. The building, which underwent a complete renovation in 2023, features a new HVAC system, updated electrical, modern interior finishes, including new restrooms, fresh exterior paint, and a roof covered by a warranty. The property is zoned for commercial use and comprises a single-story building. The current lease with Family Dollar (a Dollar Tree brand) commenced October 1, 2023, and extends for a primary term of 10 years, with three 5-year renewal options. Rent increases are included in the lease options. The lease is a Net-Net-Net (NNN) agreement, with the landlord responsible for roof, structure, and parking lot maintenance. Family Dollar, a highly reputable tenant with a BBB+ credit rating, serves as the lease guarantor, providing significant financial security. This turnkey investment offers a compelling combination of strong tenant occupancy, attractive lease terms, and a recently renovated property, making it an ideal addition to any portfolio. The property's location in Edmore, MI, provides excellent visibility and accessibility. This is a rare opportunity to acquire a high-performing retail asset with significant long-term growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $2,463,495

  Hospitality

  $2,256,548

  Educational

  $1,877,422

  Medical

  $1,941,989

  Retail

  $2,920,434

Location Insight

City

Edmore

County

Montcalm

State

Michigan

Latitude

43.4078

Longitude

-85.041

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, 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].