Family Dollar NNN Property For Sale — Detroit, MI
22200 West Grand River Avenue, Detroit, MI 48219
This 9,476 square-foot single-tenant retail property, constructed in 2012, is fully leased to Family Dollar under a triple-net (NNN) lease with a term extending through September 2027. Located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan, the property is part of a receivership sale, offering a compelling investment opportunity. It provides immediate cash flow with a defined near-term lease maturity within a well-established retail corridor.
- Address: 22200 West Grand River Avenue, Detroit, MI 48219
- Asking price $1.56M
- 8.27% cap rate
- NOI $129,426
- 1.1 years remaining
- NNN lease
- Year built: 2012
- Building size: 9,476 SF
- Lot size: 0.90 acres
- Lease expiration: Sep 30, 2027
- Guarantor: Corporate
Location
This Family Dollar property is at 22200 West Grand River Avenue in Detroit, Michigan.
Asset type: Retail