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29732172
29731502

2257 Sunnyside Dr, Cadillac, MI 49601 For Sale

KK
CA CA 01158184
Marcus & Millichap - South Bay
Marcus & Millichap - South Bay
Listed by Marcus & Millichap - South Bay
$1,249,333
154 days on market
Updated 50 days ago

Dollar General

Details
Property Type Retail
Sub Type Commercial
Square Footage 9,100
Cap Rate 7.50%
NOI $93,700
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 06/29/2034
Remaining Term 8
Price per SqFt $137
Year Built 2019
Acreage 2.160
Tenant Credit Corporate Guarantee
Lease Commencement 06/02/2019
Ownership Fee Simple

Retail | 7.50% CAP | 9,100 SqFt

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Dollar General located at 2257 Sunnyside Drive in Cadillac, Michigan. The property is leased to Dollar General Corporation, a BBB credit-rated tenant, providing investors with secure, long-term income backed by a nationally recognized retailer. The freestanding retail building was constructed in 2019 and consists of approximately 9,100 square feet of gross leasable area. The lease commenced on June 3, 2019, and expires on June 30, 2034, offering approximately 8+ years of remaining primary term. The lease features 10 percent rent increases and includes four (4), five-year renewal options, providing strong income growth and long-term residual value.

Dollar General operates more than 19,000 locations nationwide and focuses on necessity-based retail serving value-oriented consumers, particularly in rural and secondary markets. The subject property benefits from modern construction, minimal capital expenditure risk, and a long-term lease structure well suited for passive investors seeking predictable cash flow and inflation protection.

his offering represents the opportunity to acquire a newer-construction, credit-tenant net lease asset with long-term lease security in a stable Midwestern market.

Investment highlights

  • Single-tenant Dollar General net lease investment
  • BBB credit-rated tenant with national footprint
  • Lease expiration: June 30, 2034 (approx. 8+ years remaining)
  • Four (4), five-year renewal options
  • 10% rent increases providing built-in income growth
  • Built in 2019 – modern construction with low capital needs
  • Approximately 9,100 SF of gross leasable area
  • Necessity-based discount retailer with recession-resistant demand

Listing Contacts

KK
CA CA 01158184
Marcus & Millichap - South Bay
Marcus & Millichap - South Bay
Listed by Marcus & Millichap - South Bay

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$93,700.00
$7,808.33/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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