Dollar General in Big Rapids, MI
Retail | 7.04% CAP | 10,760 SqFt
Marketing description
Terrific investment opportunity for a 10,760 SF Dollar General Plus store located in Big Rapids, MI the home of Ferris State University. Built new in September 2021, this property offers an investor an Absolute NNN Lease with zero landlord responsibilities, and a corporate guaranteed lease by Dollar General Corporation which holds an S&P Global Rating of BBB. The store is highly visible with strong traffic patterns and good demographics. There are also 4 (5 year) options with 10% bumps at each option. This investment is priced at $1,425,000 representing a 6.42% Cap Rate or $132.43 psf. This is an ideal investment for a 1031 Buyer or someone looking for “passive” income.
Investment highlights
Absolute NNN Lease with Zero Landlord Responsibilities
Dollar General Corporate Guarantee (BBB Rating)
10 Years 5 Months Remaining on Original Term
10% Bump at each Four (5 Year) Options
Brand New Construction on 9/15.21/Plus Size Prototype
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