Property History
Dollar General is strategically situated with high visibility and exposure on the corner of South Elba Road and Davison Road. The subject site is located only 1.7 miles to Interstate 69, a busy highway with over 34,000 vehicles traveling per day. The subject site is situated on 1.29 acres.
The property features limited immediate competition and good demographics with over 24,000 people in a five-mile radius and over 111,000 people in a ten-mile radius. Average household income is well above the national average at over $76,000 in a ten-mile radius and $74,000 in a five-mile radius. The nearest Dollar General location is nearly five mile away in the city of Davison.
- 12 Years Remaining | NNN Lease | No Landlord Responsibilities
- Growing Midwest Market | $76k Average Household Income
- 10% Rent Increases in Each Option Period
- 1.7 Miles to Interstate 69 | 34,000 Vehicles Per Day
- Newer Construction | Built in 2018 on 1.29 Acres
Location
Located in southeast of Michigan, Lapeer is a city with a rich history proven by its countless landmarks and parks. Today Lapeer offers the amenities of a big city and the charm of a small town and affordability. Some of the largest industries in Lapeer include manufacturing, transportation, healthcare, food processing and retail. Situated by the I-69, Lapeer also benefits from this international trade corridor which is a strategic gateway between midwestern US and Canada and offers unbeatable transportation infrastructure with a wide range of distribution options.
- Stable Cash Flow - Passive Investment. Zero Landlord Responsibilities
- 15-Yr Absolute Triple Net (NNN) Lease
- 5 of 5-Year Renewal Options
- 3-Mile Average Household Income Over $71,600 Long-Term Leases
- The Key Player In Town - Lack of Competition in Immediate Shopping Area
- Dollar General Is A National Investment Grade Tenant (S&P BBB, NYSE:DG)
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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