151 M-61, Gladwin, MI 48624 For Sale

The SVN Colvin Team presents this Absolute NNN Leased Dollar General in beautiful Gladwin Michigan.

This quality building was constructed for Dollar General and has a concrete parking lot and a concrete drive with curbs, a substantial upgrade to a typical Dollar General location. The base lease term started on 1-1-2016 and runs through 12-31-2031. There are five renewal periods of 5 years with a 10% rent increase at the start of each renewal period.

This location was remodeled by Dollar General on 7/7/23.

This busy Dollar General is located on busy Highway 61 in the heart of northern/central Michigan and easily accessible from I-75 and I-127. It serves a large market area, including seasonal visitors for boating, fishing and snowmobiling. While visiting your investment property, you can enjoy the beautiful water front area and stay at Riverwalk Place, a popular resort with hotel, boutique shopping, dining and a full service spa. Partake in visiting microbreweries, vineyards, lakefront cabins, boat tours, fly fishing and snowmobiling. Life is good.

Offered at a very attractive price and cap rate, we also have an ALTA survey and a clean phase 1 that will make this a simple purchase.

The SVN Colvin team has helped a lot of people purchase Dollar General properties and enjoy management- free cash flow.