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Dick's Sporting Goods - New Baltimore, MI 50580 Waterside Dr 49,979 sq ft Retail Property New Baltimore, MI 48051 £5,813,500 (£116.32/sq ft) 7.65% Net Initial Yield
EXECUTIVE SUMMARY
- Single-Tenant Dick’s Sporting Goods (NYSE: DKS - $13.44 Billion in Sales FY 2024) | 800+ Retail Stores in the U.S. | Investment Grade Credit S&P: BBB / Outlook: Positive
- 2.7 Years of Primary Term Remaining | Scheduled $0.50 PSF Rental Increases at each Option | 4 (5-Year) Options Remaining | Passive NN Lease
- Highly Visible and Heavily Trafficked Location | Situated on Interstate 94 (71,053 VPD) | Located within the Dominant (2.2 million SF) Waterside Marketplace Shopping Center
- Detroit MSA Location | Growing Demographics | Expanding Affluent Northern Detroit Suburban Location
- 2.7 Years of Primary Term Remaining | Scheduled $0.50 PSF Rental Increases at each Option | 4 (5-Year) Options Remaining | Passive NN Lease
- Highly Visible and Heavily Trafficked Location | Situated on Interstate 94 (71,053 VPD) | Located within the Dominant (2.2 million SF) Waterside Marketplace Shopping Center
- Detroit MSA Location | Growing Demographics | Expanding Affluent Northern Detroit Suburban Location
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Standalone
Property Size
49,979 sq ft
Costar Property Class
B
Year Built
2007
Price
£5,813,500
Price per sq ft
£116.32
Yield
7.65%
NOI
£444,733
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Plot ratio
0.21
Total Plot Size
5.46 ac
Use Class
C2 SHO
Parking
301 Spaces (6.02 Spaces per 1,000 sq ft Leased)
Frontage
133 ft on Waterside Dr
AMENITIES
- Freeway Visibility
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-09-20-177-108 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,006,700 |
PROPERTY TAXES
Parcel Number
15-09-20-177-108
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,006,700
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Dick's Sporting Goods - New Baltimore, MI | 50580 Waterside Dr
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