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Dollar Tree - Battle Creek, MI 600 North Ave

11,008 SF Retail Building Battle Creek, MI 49017 $2,246,690 CAD ($204 CAD/SF) 6.25% Cap Rate

Retail Space Michigan Battle Creek 600 North Ave, Battle Creek, MI 49017

Investment Highlights

  • New 5-Year lease with Four, 5-Year Options. The building was recently renovated in 2024 with over $500,000 in capital improvements.
  • Major Student/Employee Population – Centrally located and surrounded by a strong customer base
  • Investment Grade Credit Tenant - The Tenant is Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P: BBB), an investment-grade tenant
  • Situated at a signalized intersection and featuring convenient accessibility and exposure to combined traffic counts of 20,000 VPD.
  • The property is leased at a below-market rate, presenting a unique investment opportunity with a high potential for long-term rental income growth
  • Low Price Point and Large Lot - Featuring a lot size of ±2.06-acre lot that is significantly larger than the average Dollar Tree lot size of ± 1.41 AC

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 6505432273 (MI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
11,008 SF
Building Class
B
Year Built
1999
Price
$2,246,690 CAD
Price Per SF
$204 CAD
Cap Rate
6.25%
NOI
$140,432 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.05 AC
Zoning
C2 - Commercial district, a central commercial zone, and a core bus district

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar Tree
  • Retailer
  • 11,008 SF
  • -
  • Net
  • Feb 2029
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar Tree Retailer 11,008 SF - Net Feb 2029

Links

1 of 1

PROPERTY TAXES

Parcel Number 18-570-070-10 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $765,521 CAD

PROPERTY TAXES

Parcel Number
18-570-070-10
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$765,521 CAD
(773) 572-5885

Contacts

  • Listing ID: 32274212

  • Date on Market: 2024-06-27

  • Last Updated:

  • Address: 600 North Ave, Battle Creek, MI 49017

The Retail Property at 600 North Ave, Battle Creek, MI 49017 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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Dollar Tree - Battle Creek, MI | 600 North Ave
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Dollar Tree - Battle Creek, MI | 600 North Ave

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Hogan Wierda

(773) 572-5885

(773) 572-5885

Patrick Forkin

(773) 279-5390

(773) 279-5390

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