Midtown Value Add Opportunity

Highlights:

• Long-Term Commitment to the Site | Family Dollar Has Operated at This Location Since 2004 and Has Executed Three Extensions at This Location
• Over 5 Years Remaining in the Term with (6) Five-Year Options Available
• Located Within 1 Mile of 2+ Million SF Henry Ford Hospital & Brand New Henry Ford Cancer Institute
• Located Within 1.5 Miles of the Multibillion Dollar Development Including the Henry Ford Health Detroit's $2 Billion Campus Expansion, Henry Ford Health + Michigan State University Health Sciences Medical Facility, Pistons Apartments, and New Central Utility Plant
• New Center is Host to Shinola Headquarters, College for Creative Studies, Fisher Theater, and over 2 Million SF of Office, Residential, and Retail
• Located Within 1 Mile of Interstate-94 & Interstate-96; Within 1.5 Miles of M-10 Lodge Freeway 19 Major Developments Planned Along W Grand Blvd

Description:

Encore REIS is pleased to present the value-add opportunity located in Detroit's rapidly growing Midtown region.

The offering includes a stabilized Family Dollar asset that has operated since 2004, with the lease extended through June of 2025 highlighting their commitment to the site. The lease features minimal landlord responsibility, and allows the landlord to relocate Family Dollar in similar space, should the parcel become redeveloped.

In addition to the stabilized portion, an investor has the opportunity to develop a half-acre lot on the hard corner of Linwood & W Grand Blvd, as well as two residential parcels totaling .32 and .29 acres that have frontage on Ferry Park Ave and Linwood St, respectively.

The subject property's close proximity to Interstate-94 and Interstate-96 provide for traffic counts exceeding 21,000 vehicles per day passing through the intersection of W Grand Blvd & Linwood.

The subject property is situated within 1 Mile from the 2M+SF Henry Ford Hospital, which is currently constructing a brand new Cancer-Institute directly across from the street from their current operations.

The subject property is situated within a 1.5 mile radius of the New Center, host to Shinola Headquarters, Fisher Theater, the St. Regis Hotel Detroit, College for Creative Studies, and containing 2+ Million SF of Office, Residential, and Retail Space.

The offering provides the opportunity to an investor to acquire a secure, cash-flowing asset with upside potential through redevelopment and area appreciation.

Encore REIS is pleased to present the value-add opportunity located in Detroit's rapidly growing Midtown region.

The offering includes a stabilized Family Dollar asset that has operated since 2004, with the lease extended through June of 2025 highlighting their commitment to the site. The lease features minimal landlord responsibility, and allows the landlord to relocate Family Dollar in similar space, should the parcel become redeveloped.

In addition to the stabilized portion, an investor has the opportunity to develop a half-acre lot on the hard corner of Linwood & W Grand Blvd, as well as two residential parcels totaling .32 and .29 acres that have frontage on Ferry Park Ave and Linwood St, respectively.

The subject property's close proximity to Interstate-94 and Interstate-96 provide for traffic counts exceeding 21,000 vehicles per day passing through the intersection of W Grand Blvd & Linwood.

The subject property is situated within 1 Mile from the 2M+SF Henry Ford Hospital, which is currently constructing a brand new Cancer-Institute directly across from the street from their current operations.

The subject property is situated within a 1.5 mile radius of the New Center, host to Shinola Headquarters, Fisher Theater, the St. Regis Hotel Detroit, College for Creative Studies, and containing 2+ Million SF of Office, Residential, and Retail Space.

The offering provides the opportunity to an investor to acquire a secure, cash-flowing asset with upside potential through redevelopment and area appreciation.