Family Dollar for Sale in Hale, MI
Hale, MI
Key Investment Metrics
Price
$1,536,000
Cap Rate
8.3%
Net Operating Income
$126,748
Building Size
9180 SF
Land Area
1 Acres
Remaining Term
4.9 years
Lease Expiration
06/29/2031
Lease Term
5 years
Lease Commencement
06/30/2016
Lease Type
Absolute NNN
Year Built
2016
Tenancy
Single
Rent Increases
Ten Percent (10%) rent escalations every five (5) years at the commencement of each option
AI illustration · Not the listed propertyProperty overview
Family Dollar in Hale
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,180 SF
- Land area
- 1 acres
- Year built
- 2016
- Lease type
- Absolute NNN
- Lease expiration
- 06/29/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.