22200 W Grand Riv - Availability Details

For LeaseContact for pricing

22200 W Grand Riv, Detroit, MI 48219

  • Retail

Details

  • Lease Rate Contact for pricing
  • City Detroit
  • Neighborhood Redford
  • Zip Code 48219
  • Market Detroit
  • Property Type Retail
  • Property Size 9,180 Sqft
  • Lot Size 0.9 Acre
  • Property Tenancy Single Tenant
  • Year Built 2012
  • Year Renovated 2020
  • Date Updated 23 Oct, 2020

Description

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 22200 West Grand River Avenue, Detroit, MI. The property consists of approximately 9,180-SF of building space and is situated on approximately 0.85 +/- acres of land. The Family Dollar opened in 2012 on a 10-year double-net lease (NN). The term of the lease was extended in 2020 by 6-years. There are more than 7-years of term remaining, with current term set to expire on September 30th, 2027.

 

-7-Years of Term Remaining | Minimal Landlord Responsibilities

-2020 H2 Renovation in Excess of $70,000 | Includes a Dollar Tree Merchandise Section

-Strong Performing Location (Contact Agent for Details.)

-Dense Demographics | 320,000+ Residents with AHHI in Excess of $58,300 within 5-Miles

-2020 Q1 Consolidated Net Sales Increased 8.2% to $6.29B

-2020 Q1 Family Dollar Same Store Sales Increased 15.5%

-Investment Grade Credit Tenant | S&P: BBB- Credit Rating

-Located on the W. Grand River Ave. with Access & Exposure to 23,000+ Cars Per Day

-Located within Proximity to Meijer, Wendy’s, KFC, McDonald’s, and more...

-Family Dollar is an Essential Business Committed to Keeping Stores Open During COVID-19 Pandemic

-Within Proximity to Old Redford Academy Elementary School with 1,200+ Students

-Located within an Opportunity Zone

Leasing Contacts

broker

Darpan Patel

Marcus & Millichap

(513) 878-7723

broker

Sam Elyassaki

Marcus & Millichap

(513) 377-2772