INVESTMENT SUMMARY
19160 Greenfield Road Detroit, MI 2009
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TypeSingle Tenant
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Price$1,200,000
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CAP Rate6.83%
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NOI$82,000
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Building Size11,057 SF
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Lease Term10 Years
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StatusCLOSED
CONTACT BROKER
Paul Z. Matysek, CCIM
T: 310.405.0902 paul@matysekinvestment.com
BROKER OF RECORD
Kwekel Companies
FAMILY DOLLAR
Former Rite Aid, 9.2 Yr NN Lease, Dense Demos
INVESTMENT HIGHLIGHTS
- Ideal Passive Investment: NN lease, Limited Landlord Responsibilities with 10 years remaining on the lease term
- Strategic Retail Location: Located on a highly trafficked intersection of Greenfield Road and W 7 Mile Road, averaging a combined 48,000 vehicles per day.
- Notable Retailers in Immediate Vicinity Include: CVS Pharmacy, Burger King, Wendy’s, AutoZone, Subway, McDonalds and KFC
- Exceptional Demographics: An impressive 168,000+ people live within a 3-mile radius of the Property while over 377,164 people living within a 5-mile radius, with an average household income of $52,973 and $60,822.
- Vibrant and Dense Community: Detroit is the Largest City in Michigan and 18th largest in United States