Absolute NNN Leased Dollar General
Retail | 7.50% CAP | 9,026 SqFt
Marketing description
The SVN Colvin Team is proud to present this Absolute NNN leased Dollar General investment property located in the beautiful lake front resort area of Cedarville Michigan near Mackinaw Island.
The base term runs through 3-31-33 and has five, 5 year renewal periods. The rent increases by 10% every five years during those renewal periods.
The Mackinaw Island area is one of most popular tourist resort areas in the country. This area swells with boaters and golfers in the summer, fall color tourists in the fall and snow lovers in the winter.
Cedarville is part of the Great Waters offering unparalleled opportunities to enjoy unspoiled beauty, unique history and the Great Lakes of Huron, Michigan, and Superior. Cedarville is a highly sought resort area and features stunning scenery, several resorts and bed and breakfasts. During your visit to Cedarville be sure to check out Annelise Charter Sailing and stay a couple days in one of the several nearby resorts and hotels.
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