Price $1,470,000 | Built/Renov 2021 | Tenant Dollar General |
Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
9,100
| Lease Start
07-19-2021
| #Units
19,294
|
Price/SF $161.54 | Expiration
07-31-2036
| Tenant Type Dollar/Discount |
NOI $91,840 | R. Term 12.7 | Ownership Fee Simple |
Rent/SF
$10.09
| Increases 10.0%/13/yrs | Pop 5Mi 6,392 |
Lot/AC 2.50 | Options 5/5yrs/10% | AHHI 5Mi $78,638 |
| |
Dollar General is strategically positioned, with street visibility and pylon signage, along S. Coldwater Rd. which sees 2,129+ vehicles passing by daily. Nearby retailers include U-HAUL, ACE Hardware, Isabella Bank, and more, promoting strong crossover traffic to the site. The property is also just a 15-minute drive from Central Michigan University which is home to over 10,000 students. An...
...New construction
Major thoroughfare
Strategically located
Below Market Rent
Absolute NNN
Long 10+ yr lease
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Investment grade tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 374 | 3,680 | 6,636 |
2023 Total Population : | 369 | 3,673 | 6,688 |
2023 Employed Civilian Pop : | 138 | 1,503 | 2,800 |
2023 Total Businesses : | 16 | 52 | 129 |
2023 Average Household Income : | $ 100,040 | $ 93,473 | $ 89,036 |
2023 Total Consumer Spending : | $ 12 M | $ 120 M | $ 202 M |
2023 Median Age : | 42 | 42 | 42 |
2023 Total Households : | 140 | 1,490 | 2,611 |
2023 Pop Age 25+: Bachelor's Degree : | 44 | 434 | 759 |
2023 Average Home Value : | $ 259,302 | $ 243,723 | $ 232,476 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
West River Road | S Woodruff Rd | 2022 | 1,439 | 0.68 mi |
South Coldwater Road | W Pickard Rd | 2022 | 2,535 | 1.63 mi |
North Littlefield Road | Haupt Dr | 2022 | 985 | 2.16 mi |
South Rolland Road | W Pickard Rd | 2022 | 221 | 2.52 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]