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