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616 S Carpenter Ave
Kingsford, MI 49802

$1,021,538 USD

Freestanding For Sale  •  2,849 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 8,320 SF
  • Lot Size 1.18 AC
  • Building Class B
  • Year Built 2014
  • Tenancy Single
30 Walk Score

Highlights

Absolute NNN lease with zero landlord responsibilities — 100% passive income.
Corporate tenant: Family Dollar Stores of Michigan, Inc. — 7,100+ locations nationwide.
10% rental increases in each of the Six, 5-year options to hedge against inflation.
Essential retail anchor in secondary market — less susceptible to e-commerce disruption.
Recession resistant tenant — discount retail performs well during economic uncertainty.
Southwest corner of S. Carpenter Ave (MI-95) and East Boulevard — B-1 zoning district.

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar
Nathan Fitzgibbons 425-274-6696 Matthews Real Estate Investment Services
Nathan Fitzgibbons 425-274-6696 Matthews Real Estate Investment Services