22200 Grand River Avenue, Detroit, MI 48219
- $1,565,000
- List Price
- $1,565,000
- Days on Market
- 85
- MLS#
- 20261031596
- Status
- ACTIVE
- Type
- Commercial
Property Description
Court-Appointed Receivership Sale. Freestanding 9,476 SF single-tenant net-leased (NNN) retail property located in the northwest area of Detroit, near the borders of Southfield and Redford in Wayne County, Michigan. The asset is positioned within a well-established retail corridor. Constructed in 2012, the property is fully leased to Family Dollar under a triple-net (NNN) lease structure with term remaining through September 2027. The tenant is presently operating within its first renewal period. The offering provides in-place cash flow with a clearly defined near-term lease maturity, complemented by multiple remaining renewal options (four 5-year options).
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Additional Information
- Taxes
- $18,548
- Acres
- 0.90
- School District
- Detroit
- Water
- Public
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Listing courtesy of Listing Agent: Emil Cherkasov from Listing Office: Forward Commercial Group.
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