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29442002
29442003

1406 US-2, Bessemer, MI 49911

MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
DY
IN RB14050667
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$1,246,000
127 days on market
Updated 50 days ago

Dollar General

Details
Property Type Retail
Sub Type Storefront
Square Footage 9,100
Net Rentable (SqFt) 9,100
Units 1
Cap Rate 7.5%
NOI $93,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/30/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options Five, 5-Year
Price per SqFt $137
Broker Co-Op Yes
Class B
Year Built 2020
Buildings 1
Stories 1
Acreage 1.130
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/31/2021
Occupancy Date 08/31/2021
Ownership Fee Simple

Retail | 7.50% CAP | 9,100 SqFt

Marketing description

New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease

– No Landlord Responsibilities | 10% Rental Increases in Each Five 5-

Year Option | Metal Roof

Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500

Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

Tenant Recently Completed an Interior Remodel, Showing

Commitment to Site

Resort Town Dollar General – Near Black River Ski Resort, Snowriver

Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area

Location Benefits from Year-Round Visitors to Nearby Recreational

Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park,

Black River Falls, and the Iron Belle Trail and Others

Property is Located Near Residential Areas and Local Area Retail

Establishments | Five Miles from Indianhead Valley Condos

Excellent Visibility from Highly Trafficked US Hwy 2, the Longest

Highway in the Upper Peninsula | Connects Ironwood and Wakefield,

MI

Investment highlights

New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease

– No Landlord Responsibilities | 10% Rental Increases in Each Five 5-

Year Option | Metal Roof

Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500

Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

Tenant Recently Completed an Interior Remodel, Showing

Commitment to Site

Resort Town Dollar General – Near Black River Ski Resort, Snowriver

Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area

Location Benefits from Year-Round Visitors to Nearby Recreational

Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park,

Black River Falls, and the Iron Belle Trail and Others

Property is Located Near Residential Areas and Local Area Retail

Establishments | Five Miles from Indianhead Valley Condos

Excellent Visibility from Highly Trafficked US Hwy 2, the Longest

Highway in the Upper Peninsula | Connects Ironwood and Wakefield,

MI

Listing Contacts

MH
IN IN RB14052326
Marcus & Millichap - Indianapolis
DY
IN RB14050667
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,500.00
$7,791.67/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Paul Kerber
License
MI 6502433613
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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