Offering Memorandum
Investment Sale
Dollar Tree
408 W Maumee St
Adrian, Michigan
Adrian, Michigan
eCode:072i
Sales Price
$1,710,000
NOI
$145,500
Cap Rate
8.50%
Lease Expiration
05/31/2034
Building Size
19,833 SF
Lot Size
3.83 AC
Year Built
1961 / Renovated 2023
Zoning
Commercial
Traffic Count
W Maumee St (6,183 CPD)
W Church St (6,872 CPD)
Highlights
- Long Term Lease
- Large 3.83 AC Parcel
- Low Rent PSF
- New Parking Lot, Roof, HVAC, Plumbing & Electrical
- Value-Add Component
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 11,490 | 30,763 | 36,254 |
| Household Income | $56,927 | $66,487 | $69,326 |
| Daytime Pop | 3,805 | 13,762 | 15,069 |
SIMILAR PROPERTIES
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
30755 Montpelier
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Single-Tenant
2150 Executive Hills Ct
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
Auburn Hills, Michigan
$18,181,416 | 114,830 SF