Single-Tenant Retail

Family Dollar | New Construction 2024

5035 E Berry Rd, Pleasant Lake, MI

Listing Price: $1,612,745

Click To Access Offering Memorandum
  • Cap Rate7.65%
  • Building SF10,500 SF
  • Price/SF$153.59
  • Year Built / Renovated2024

Investment Highlights

  • New Construction Family Dollar Store | 2024 Build-To-Suit
  • “Family Dollar Stores of Michigan, LLC” Lease Entity | Publicly-Traded (NYSE: DLTR / S&P: BBB) | Largest Small Box Discount Retailer in the U.S.
  • 10-Year Initial Double-Net Lease Term | (5) Five-Year Options
  • Rent Increases: $0.50/SF in Each Option
  • High Visibility on E Berry Road Near Corner of Bunkehill Road (9,830 VPD Combined) | Bunkehill Road Provides a Direct Route to Jackson
  • Limited Competition: One of Only Two Dollar Stores within Eight Miles
  • 9 Miles Northeast of Jackson
  • 30 Miles South of Lansing | 35 Miles Northwest of Ann Arbor
Lead Agent

Ashish Vakhariya

Senior Vice President Investments

Lic: MI 6501322501

Darin Gross

First Vice President Investments

Lic: MI 6501384871

Seth Haron

First Vice President Investments

Lic: MI 6501373006

MICHIGAN BROKER OF RECORD: STEVEN R. CHABEN | 2 TOWNE SQUARE, SUITE 450, SOUTHFIELD, MI | 248.415.2600 | LIC: MI 6502387903