About This Restaurant
Investment Highlights
ABSOLUTE NNN LEASE - 7.9+ Years Absolute NNN. 3 Of 5-Years Renewal Options With 10% Rent Increases SITUATED ALONG VIBRANT I-69 CORRIDOR ? Strategic Hub For Transportation Of Good & Services To Major Industrial Centers And Canada NATIONAL INVESTMENT-GRADE TENANT - $37B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease STRONG DEMOGRAPHICS & BUSY LOCATION ? 44,700+ 5-Mile Population. 24,700+ Vehicles Per Day Passing By The Store Daily AUTOMOBILE MANUFACTURING HUB ? One Of The Largest General Motors Assembly Plants Builds GM Trucks and SUVs In The Area
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a single tenant net leased Dollar General Store located in Davison, Michigan. This property has an absolute NNN lease with 7.9 years remaining and entails zero landlord responsibilities. The tenant has three 5-year renewal options, each accompanied by 10% rent increases. The lease is guaranteed by Dollar General Corporation which operates over 20,000 stores and has an impressive S&P investment-grade rating of BBB.The subject property is on a bustling N State Rd which draws over 24,700 vehicles daily. Within a 5-mile radius, there are over 44,700 residents, with nearby amenities such as Davison High School, Sugarbush Golf Course, Lake Shore Resort, and the For-Mar Nature Preserve & Arboretum, all just a short drive away. Additionally, Broadview Estates Mobile Home Park, with over 450 homes, is just 0.3 miles from the store, making Dollar General a convenient destination for everyday necessities.Broker of Record Joe Rizqallah, Signature Associates MI Lic #6505341987
Property Details
- Sale Type Investment NNN
- Sale Conditions 1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Drugstore General Retail Fast Food General Retail Supermarket Storefront
- Building Size 9,100
- Building Class B
- Year Built 2016
- Price 1,237,257
- Price Per SF 136
- Cap Rate 7
- NOI 86,607
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 1.84 AC
| Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
| Address: | 4091 N State Rd , Davison, Michigan, 48423 | ||