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Dollar Tree

$1,334,000

18611 Joy Road, Detroit, MI 48228

Active
Last Updated: 09/02/2026

9

Cap Rate

120,018

NOI

Details:
Cap Rate:    9%
NOI:    $120,018
Building Size:    9,928 sqft
Lot Area:    0.57 acres
Highlights:
  • Premium Prototype - 2018 Build-to-Suit For Dollar Tree
  • Investment Grade Credit Tenant (S&P: "BBB") | Over 9,000 Stores in 48 US States and Canada - NASDAQ: DLTR
  • Double Net Lease w/ Limited Landlord Responsibilities
  • Close Proximity to Southfield Freeway's On/Off Ramps - Traffic Counts Exceed 148,457+/- VPD
  • Dense Corridor - Well-Located Along Joy Road Visible to 19,875+/- VPD
  • Strong Demographics in 5-Mile Trade Area: More Than 377,364 Residents - Average Household Income: $65,644
  • Strategic West Detroit Location – Positioned in Northwest Detroit w/ Convenient Access to Major Regional Thoroughfares and Approximately 15–20 minutes from Detroit Metropolitan Airport
Description:

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Metro Detroit is the fourth largest metropolitan area in the Midwest, with a population of over 4.3 million people. The Metro Detroit economy is diverse, with major industries including manufacturing, automotive, healthcare, and technology. The city is also home to a growing entrepreneurial scene. In recent years, Metro Detroit has experienced a significant economic resurgence. The unemployment rate is at a record low, and the housing market is booming. The city is also attracting new residents and businesses, drawn by its affordable cost of living and its vibrant culture.

Metro Detroit is home to a number of Fortune 500 companies, as well as a growing number of startups and small businesses. The city's unemployment rate is below the national average, and its economy is expected to continue to grow in the coming years. The median home price in Metro Detroit is significantly lower than the national average. This makes Metro Detroit a great place to invest in real estate, both for rental properties and for primary residences. Metro Detroit's population is expected to grow by over 10% in the next decade. This growth will create new demand for housing, commercial space, and other goods and services. Metro Detroit is home to a world-class arts and culture scene, as well as a variety of professional sports teams. The city is also home to a number of colleges and universities, which contributes to its diverse and educated population. The Metro Detroit real estate market is expected to continue to grow in the coming years, due to the city's strong economy and growing population. Investors can find good deals on both rental properties and primary residences. Metro Detroit is home to a growing number of startups and small businesses. Investors can support these businesses by investing in their equity or by providing loans. Metro Detroit is a growing hub for the technology industry. Investors can invest in technology startups or in companies that provide services to the tech industry.

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