Property History
Property Type
Property Type
Marketing Description
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Emmett, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Five (5 Year) Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of "BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced on 12/19/2018.
This Dollar General is highly visible as it is strategically positioned on Kinney Road (M-19) which sees 10,952 cars per day. The ten mile population from the site exceeds 28,800, while the three mile average household income exceeds $72,000 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a brand new Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.90% cap rate based on NOI of $89,880.36.
Investment Highlights
- 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
- Five (5 Year) Options | 10% Rent Increase At Each Option
- Three Mile Household Income Exceeds $72,000
- Ten Mile Population Exceeds 28,800
- 10,952 Cars Per Day on Kinney Road (M-19)
- Investment Grade Dollar Store | BBB Credit Rating
- Dollar General Reported 29 Consecutive Quarter of Same Store Sales Growth
- Across the Street From John F. Farrell-Elementary School With Over 200 Students
- Located Near Many Major Cities and Airports
Property Type
Property Type
Property Subtype
Asking Details
Asking Cap Rate
Investment Highlights
- 13 Year Absolute NNN Lease | Zero Landlord Responsibilities
- Five (5 Year) Options | 10% Rent Increase At Each Option
- Three Mile Household Income Exceeds $72,000
- Ten Mile Population Exceeds 27,360
- 10,952 Cars Per Day on Kinney Road (M-19) and Dunnigan Road
- Investment Grade Dollar Store | BBB Credit Rating
- Dollar General Reported 30 Consecutive Quarter of Same Store Sales Growth
- Across the Street From John F. Farrell-Elementary School With Over 200 Students
- Located Near Many Major Cities and Airports
Property Type
Property Type
Property Subtype
Marketing Description
For Sale
Rows per page:
10
Loan History
Financial History
****** Data
Net Operating Income
Reporting Date
Tax History
Contact Information
These phone numbers and email addresses are checked against the litigator and TCPA lists. Report an error
Ownership Information
Property Details
Contacts
Listing removed on
BY:
Bryan Bender PRO
•••.•••.3810
•••nder@••••••••••••••.com
Listing removed on
BY:
Ben Schultz
•••.•••.3409
••••ultz@••••••••••••••.com
Sold on
BY:
Deno Bistolarides PRO
•••.•••.0288
•enob@••••••••••.com
Sold on
BY:
Danny Samona PRO
•••.•••.5967
•••mona@••••••••••.com
Sold on
BY:
Benedict Gutierrez PRO
•••.•••.8087
••••dict@••••••-•••••.com
Map
Comparable Properties
Does any data look off? Help us improve Crexi by offering your feedback!
