Family Dollar

8883 East Monroe Road, Durand, MI 48429

$1,359,088

Cap Rate 8.00%

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DOM: 8 Updated: 01.16.26 Posted: 01.16.26 Status: Active 01.16.26

Summary

Price $1,359,088	Built/Renov 2014	Tenant Family Dollar
Cap Rate 8.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 8,500	Lease Start 07-02-2014	#Units 8,359
Price/SF $159.89	Expiration 06-30-2029	Tenant Type Dollar/Discount
NOI $108,727	R. Term 5.30	Ownership Fee Simple
Rent/SF $12.79	Increases 10.0%/3/yrs	Pop 5Mi 12,826
Lot/AC 1.03	Options 6/5yrs/10%	AHHI 5Mi $83,774

Highlights

Family Dollar operates in a freestanding retail building with a long-term absolute NNN lease
The property is located on a high-visibility retail corridor along Monroe Road (M‑71) in Durand, Michigan
The facility sits on a 1.03-acre parcel, offering ample parking and strong site accessibility
The five-mile trade area has a population of approximately 12,826 with an average household income of $83,744
The lease is corporately guaranteed by Family Dollar Stores, Inc.

Location Description

Family Dollar is strategically located along Monroe Road (M‑71) in a freestanding retail building on a 1.03‑acre parcel, featuring ample parking and excellent visibility. The site is positioned within Durand’s primary retail corridor and is surrounded by major national retailers, including Dollar General, Family Dollar, AutoZone, O’Reilly Auto Parts, McDonald’s, Subway, and Speedway, serving...

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Key Features

In location for years
Near major nationals
Freeway visibility
Strong tenant synergy
Affluent suburb location
New development zone
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Durand, MI Zip Code 48429 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,359
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...

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Listing Broker

Isaiah Harf

Northmarq

Contact

76 Listings
15685 Views
17 Sold

Christian Tremblay

Northmarq

Contact

48 Listings
15345 Views
5 Sold

Isaiah Harf

Isaiah Harf is the Regional and Managing Director for Northmarq’s Chicago office and has been with the firm since October 2011. Focusing on the sale of net leased assets, Harf has closed more than $3 Billion in total transaction volume and has partnered with some of the nation’s most respected and trusted institutions, private equity managers and merchant developers. As one of the lead business development and execution specialists for the team, Harf provides extensive knowledge to buyers and s

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Christian Tremblay

Christian Tremblay is a vice president located in Northmarq’s Chicago office. Christian specializes in the disposition and acquisition of single-tenant net lease retail, cannabis and industrial properties throughout the United States. Christian has closed more than $500 million in total transaction volume. Before Northmarq, Christian served as a director in Stan Johnson Company’s Chicago office. Prior to Stan Johnson Company, Christian was a vice president with Mid-America Real Estate Corpo

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Blaise Bennett

Northmarq

Contact

20 Listings
4219 Views
1 Sold

Blaise Bennett

Focusing primarily on advising clients on the disposition, acquisition, and capitalization of net leased properties throughout the United States, Blaise Bennett has become an integral member of the team led by Bradley Feller. Bennett delivers unmatched dedication to client service by providing thorough and reasoned market research, expert financial analysis, and detailed asset valuation. His extensive financial and legal background effectively adds value and produces results for his clients.

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