Dollar General

3431 Joy Rd, Detroit, MI 48206

  • For Sale $1,278,900
  • Property Type Retail - Freestanding
  • Property Size 12,198 SF
  • Lot Size 0.81 Acre
  • Property Tenancy Single Tenant
  • Year Built 2022
  • Date Updated Feb 5, 2024
Detroit is the largest and most populous city in the U.S. state of Michigan, the largest U.S. city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2019 estimated population of 670,031, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area, and 14th largest in the United States. Regarded as a major cultural center, Detroit is known for its contributions to music and as a repository for art, architecture, and design. Detroit is a major port on the Detroit River, one of the four major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The Detroit Metropolitan Airport is among the most important hubs in the United States. The City of Detroit anchors the second-largest regional economy in the Midwest, behind Chicago and ahead of Minneapolis–Saint Paul, and the 13th-largest in the United States. Detroit and its neighboring Canadian city Windsor are connected through a highway tunnel, railway tunnel, and the Ambassador Bridge, which is the second busiest international crossing in North America, after San Diego–Tijuana. Detroit is best known as the center of the U.S. automobile industry, and the "Big Three" auto manufacturers General Motors, Ford, and Fiat Chrysler are all headquartered in Metro Detroit.The property is a Double Net leased Dollar General located in Detroit, MI.

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Highlights

  • Double Net Lease with 8+ Years Remaining and Equipped with Four, Five Year Options to Renew
  • Dollar General is the Country's Largest Discount Retailer - NYSE: DG S&P 500 Component
  • Rental Increases Every 5 Years and Through the Option Periods
  • Offered at a Low Rent and a Replaceable Rent/SF - Strong Credit Asset in which Buyer is Paying Below Replacement Cost for the "Bricks and Sticks"
  • Brand New Retrofit to Suit - EVERYTHING on and in the Building is Brand New with the Exception of Outer Walls and Trusses
  • The Property was Previously a Supermarket from from 1974 to Approximately 2020 - Almost a Century of Service to the Community and a Shopping Mainstay in the Area
  • 12,198 Square Foot Building Located on .81 Acres of Land
  • Strong Dollar Store Demographics - Densely Populated Market

Contacts

broker

Marcel Pearl

Encore Real Estate Investment Services

(248) 702-0942

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable
  • Transit Score ®

    50/100 Good Transit
  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Rosa Parks
  • Zip Code 48206
  • Market Detroit

Points of Interest

  • Grand Boulevard

    2.20 miles

  • Detroit

    2.27 miles

  • Baltimore Street

    2.27 miles

  • Amsterdam Street

    2.36 miles

  • Ferry Street

    2.60 miles

  • Warren Avenue

    2.79 miles

  • Canfield Street

    3.08 miles

  • Checker Cab #977

    3.27 miles

  • Mack Avenue

    3.41 miles

  • Martin Luther King Junior Boulevard

    3.41 miles

  • Citgo

    0.07 miles

  • Valero

    0.47 miles

  • Clark

    0.55 miles

  • Citgo

    0.65 miles

  • Mobil

    0.98 miles

  • Citgo

    0.98 miles

  • Sunoco

    1.08 miles

  • Valero

    1.11 miles

  • Valero

    1.12 miles

  • Exxon

    1.12 miles

  • HFHS Employee Parking

    1.49 miles

  • HFHS Guest Parking

    1.52 miles

  • HFHS Staff Garge

    1.64 miles

  • HFHS Patient Employee Garage

    1.66 miles

  • Brigitte Harris Cancer Pavilion Garage

    1.67 miles

  • F Lot

    1.72 miles

  • HAP Lot C

    1.74 miles

  • HAP Lot A

    1.78 miles

  • HAP Lot B

    1.80 miles

  • New Center Place Garage

    1.95 miles

  • A Eagles Coney Island

    0.03 miles

  • Dexter Coney Island

    0.41 miles

  • Apollo Coney Island

    0.83 miles

  • Fu Lin

    0.96 miles

  • Subway

    1.11 miles

  • Wendy's

    1.11 miles

  • The Royal Grill

    1.12 miles

  • KFC

    1.12 miles

  • Burger King

    1.16 miles

  • McDonald's

    1.17 miles

  • Dollar General

    0.00 miles

  • Food Farm Super Market

    0.66 miles

  • Family Foods Superstore

    0.96 miles

  • King Saver Foods

    1.55 miles

  • Save-A-Lot

    1.90 miles

  • King Cole Foods

    1.94 miles

  • Value Save Food Center

    2.08 miles

  • Lance's Hometown Supermarket

    2.23 miles

  • University Foods

    2.49 miles

  • Zain International Market

    2.63 miles

Frequently Asked Questions

What is the lease rate for Dollar General?

Rental asking rate at Dollar General is $639,450.00/YR.

What is the total square footage of Dollar General?

Dollar General totals 12,198 square feet.

When was this property built?

Dollar General was built in 2022.

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Contact Listing Broker

broker

Marcel Pearl

Encore Real Estate Investment Services

(248) 702-0942