Dollar General
Dollar General | 8.29% CAP | 13,895 SF
Marketing description
Colliers is pleased to present a Dollar General located at 20260 Gratiot Road, Merrill, Michigan. The property consists of approximate 13,895 square foot, single-tenant retail building on approximately 2.30 acres of land.
The existing lease is a double net (NN) lease with Dollar General Corporation, Inc., which recently exercised their five-year renewal option. There are two, 5-year renewal options remaining with rental increases for each option. The lease is guaranteed by Dollar General Corporation, Inc.
Located on Gratiot Road, (M-46) which is the east-west trunkline highway running from Muskegon to Port Sanilac, ending near Lake Michigan and Lake Huron on each end. The store location is 2.6 miles from Lake of Dreams Campground, less than a 1/2 mile from downtown Merrill, 1.2 Miles from Merrill Technologies Group and Merrill High School.
Investment highlights
13,895 SF NNN Lease Single Tenant
Corporate Guarantee from Dollar General
Investment Grade Tenant – S&P BBB Rating
Recently Exercised 5-Year Option, with Increase
Low Rent per Square Foot - $3.61/SF
Long Term Occupancy – 20+ Years
Two 5-Year Options Remaining
Only Dollar Store in Town
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