Map of Property

3431 Joy Road

For Sale

3431 Joy Road, Detroit, MI 48206

This Detroit property for sale is located at 3431 Joy Road. The current listed sale price for 3431 Joy Road is $1,044,444.

Contacts

broker
Steven Silverman

Friedman Real Estate

broker
Daniel Levine

Friedman Real Estate

Property Details

  • Property Type Retail
  • Property Size 12,198 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 18, 2024

Brand New “Retrofit to Suit” - EVERYTHING on and in the Building is brand new except for outer walls and trusses

Double Net Lease with ±7.5 years remaining; equipped with (4) 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

The Property was previously a Supermarket from 1974 to 2020 – Almost a century of service to the community and a shopping mainstay in the local area

Offered at a low rent and replaceable Rent/SF – Strong credit asset in which Buyer is paying well below replacement cost

12,198 Square Foot building situated on ±0.81 acres

Strong dollar store demographics – densely populated market

Asking Price: $1,100,000 (8.55% Cap Rate)

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 53/100

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  • 50/100

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  • 54/100

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Location

  • 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

    2.37 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

  • Mobil

    0.98 miles

  • Sunoco

    1.08 miles

  • Detroit Pistons Performance Center

    2.06 miles

  • Wayne State University - Parking Structure #5

    2.35 miles

  • Wayne State University - Lot #50

    2.41 miles

  • Wayne State University - Parking Structure #6

    2.74 miles

  • Wayne State University - Parking Structure #8

    2.96 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

    0.40 miles

  • Church's Chicken

    0.80 miles

  • Blues Restaurant

    0.83 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

  • 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

  • Detroit People's Food Co-op

    2.06 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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