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Dollar General
679 South Coldwater Road, Weidman, MI 48893
$1,470,000
Cap Rate 6.25%
Summary
| 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 |
| | |
Lease Highlights
- Dollar General has 12+ years remaining on the current lease term with 5 (5-year) options to extend
- Lease features 10% rental increase at the beginning of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease (NYSE: DG)
- Investment grade tenant (S&P: BBB)
Location Description
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...
...Features
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New construction
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Major thoroughfare
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Strategically located
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Below Market Rent
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Absolute NNN
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Long 10+ yr lease
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Traded and rated company
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Over 2000 units backed
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Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About 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...
...
Demographics
| 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 |
Traffic
| 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 |
