Listed by Trinity Real Estate Investment Services
$903,390
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,014
Units 1
Cap Rate 8.5%
NOI $76,788
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 20
Lease Expiration 05/30/2030
Remaining Term 3.9
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $100
Year Built 2010
Buildings 1
Acreage 0.560
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/22/2010
Ownership Fee Simple
Retail | 8.5% CAP | 9,014 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Ithaca, MI. The subject property is a low price point Dollar General. It has a longstanding presence with tenant exercising the first extended term.
Property Website: https://trinityreis.com/listing/1202-e-center-st/
In cooperation with Brian Brockman at Bang Realty-Michigan, Inc | MI #6502428679 | [email protected] | (513) 898-1551
Investment highlights
- Low Price Point Dollar General in Ithaca, MI
- NN Lease With 4+ Years Remaining on Current Term
- Longstanding Presence With Tenant Exercising the First Extended Term, Demonstrating Commitment to the Location
- 10% Rent Increases in the Option Periods
- Corner Lot Property Along E Center St With 13,000+ Vehicles Passing Daily
- Limited Retail Competition - the Only Dollar Store Within 8 Miles
- Backed by Dollar General’s Corporate Guarantee, an Investment-Grade Retailer Operating Over 20,000 Locations Nationwide
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,788.00
$6,399.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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