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Views: 82 DOM: 107 Updated: 10.06.24 Posted: 06.25.24 Status: Active

Summary

Price $1,570,311
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 11-03-2023
#Units 19,986
Price/SF $147.59
Expiration 11-30-2038
Tenant Type Dollar/Discount
NOI $105,996
R. Term 14.1
Ownership Fee Simple
Rent/SF $9.96
Increases 5.0%/5/yrs
Pop 5Mi 1,363
Lot/AC 2.36
Options 5/5yrs/5%
AHHI 5Mi $53,722

Lease Highlights

  • 2023 BTS Plus size construction
  • Dollar General has 14+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Highway F41, a prime location further enhanced by being the only dollar store serving its community, as the nearest dollar store is 10 miles away. Additionally, the property is situated just 13 miles from Oscoda-Wurtsmith Airport. The immediate area is surrounded by well-known national tenants including Walmart, Meijer, O'Reilly Auto Parts, Tractor...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Listing Broker

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