Family Dollar Investment Sale

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30009132
Property Subtypes: Strip Center
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.15 Acres
Sale Price: $680,000
Unit Price: $85 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Building Name: Family Dollar Investment Sale
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Last Updated: 3/20/2019

Overview / Comments

Investment opportunity. NNN Family Dollar lease in prime retail area of Kalamazoo. Just extend for additional 8 year term. $57,000 NOI, and a 8.41% cap. Located in strong retail corridor.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $14,197 (Annual)

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Tax ID/APN: 06-35-225-004
Zoning: RETAIL
Property Located Between: E. of Portage Street
Largest Nearby Street: Portage St. Btw Lakeway Ave. & Cork St.
Traffic/Vehicle Count: 21,270
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,000 SF
Property Condition: Good
Year Built: 2002
Roof Type: Other
Parking Type: Surface
Total Parking Spaces: 30
Heat Type: Other
Heat Source: Other
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,608 70,453 148,758
Median Age: 33.14 32.53 33.85
Households: 3,095 27,252 60,632
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