INVESTMENT SUMMARY
3431 Joy Road Detroit, MI 48206
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TypeSingle Tenant
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Price$1,645,000
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CAP Rate5.71%
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NOI$940,000
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Building Size12,198 SF
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Lease Term10 Years
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StatusAVAILABLE
CONTACT BROKER
Paul Z. Matysek, CCIM
T: 310.405.0902 paul@matysekinvestment.com
BROKER OF RECORD
Kwekel Companies
DOLLAR GENERAL
New 10 Year Lease
INVESTMENT HIGHLIGHTS
- Ideal Passive Investment: NN lease , Limited Landlord Responsibilities with ~10 years remaining on the lease term
- Blended CAP Rate of 6% across the primary 10 Year Term
- Strong Location – Adjacent to Residential Neighborhoods, Numerous Regional Businesses, and More
- Excellent Visibility: at the Corner of Joy Road and Dexter Avenue. Excellent Signage Enhances Its Exposure
- Exceptional Demographics: An impressive 398,000+ people live within a 5-mile radius of the Property, with an average household income of $30,000.
- Vibrant and Dense Community: Detroit is the Largest City in Michigan and 18th largest in United States