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32726854

10600 E Rd, Burt, MI 48417

PC
MI 6501197270
SVN | Silveri Company
SVN | Silveri Company
Listed by SVN | Silveri Company
$1,285,457
15 days on market
Updated 15 days ago

NNN Dollar General Burt MI

Details
Property Type Retail
Sub Type Grocery Store
Square Footage 9,026
Cap Rate 7%
NOI $89,982
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/30/2032
Remaining Term 6.3
Price per SqFt $142
Broker Co-Op Yes
Acreage 1.280
Investment Type Net Lease

Absolute Net Leased Dollar General in Popular Family Fun Area!

Marketing description

The SVN Colvin Dollar General Team is pleased to present this NNN Dollar General Investment Property located in a fun family activity area. Burt Michigan, located just south of Saginaw, is only minutes away from some of the most popular attractions Michigan has to offer. Famous Frankenmuth, the Birch Run Premium Outlets and the Birch Run Speedway are just a few of the nearby attractions.

Built and opened in 2017, the remaining base lease term runs through 9/30/2032. There are five renewal options of 5 years, each with a 10% rent increase. This is an absolute triple net lease. Dollar General is responsible for all maintenance, repairs and replacements.

This busy store has over 55,000 people living within a 10- mile radius. The clean Phase 1 Environmental Report and ALTA Survey should help make this a simple 1031 or Portfolio acquisition. We have more of these attractive NNN investments if you require a larger purchase

Listing Contacts

PC
MI 6501197270
SVN | Silveri Company
SVN | Silveri Company
Listed by SVN | Silveri Company

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$89,982.00
$7,498.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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