Family Dollar Net Leased-Sault Ste Marie, MI

Retail-Commercial for Sale
Catylist Listing ID: 30779386
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,400 SF
Gross Land Area: 0.88 SF
Sale Price: $1,717,000
Unit Price: $204.40 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Family Dollar-Sault Ste Marie
Usable Size (USF): 8,400 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 1/22/2022

Overview / Comments

SVN / Investment Property Advisors is pleased to offer this Sault Ste Marie store on M-129/Ashmun, a primary commercial artery with 19k VPD, has 5+
years of lease term and six automatic 5 year renewals.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Taxing Authority: City of Sault Ste Marie
Tax ID/APN: 051-243-016-00
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: Soo Locks/Canadian Border & Business I-75
Property Visibility: Excellent
Largest Nearby Street: 10th Street
Feet of Frontage: 150
Highway Access: Near Interstate I-75
Site Description: This Sault Ste Marie store is on M-129/Ashmun, a primary commercial artery with 19k VPD, has 5+ years of lease term and six automatic 5 year renewals.
Area Description: This Sault Ste Marie store is on M-129/Ashmun, a primary commercial artery with 19k VPD, has 5+ years of lease term and six automatic 5 year renewals.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,400 SF
Property Condition: Good
Year Built: 2016
Roof Type: Gable
Construction/Siding: Metal Siding
Parking Type: Surface
Heat Type: Natural Gas
Air Conditioning: Package Unit
Zoning Description: Commercial
Lot Frontage: 150+
Lot Depth: 150+
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,869 13,756 16,539
Median Age: 34.76 36.05 36.64
Households: 3,329 5,869 6,968
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