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Views: 85 DOM: 68 Updated: 10.30.24 Posted: 09.14.24 Status: Active

Summary

Price $2,225,504
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 10-14-2024
#Units 19,986
Price/SF $209.16
Expiration 10-31-2039
Tenant Type Dollar/Discount
NOI $147,996
R. Term 14.11
Ownership Fee Simple
Rent/SF $13.91
Increases 5.0%/5/yrs
Pop 5Mi 25,031
Lot/AC 1.13
Options 5/5yrs/5%
AHHI 5Mi $92,658

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on Portage Road, with access to 9,617 vehicles passing by daily. The property is within proximity to prominent national tenants such as NAPA, Wendy’s, State Farm, Citgo, and more. Kalamazoo/Battle Creek International Airport is conveniently situated just 8 miles away. The 5-mile trade area serves a population of 25,031 residents, with an average...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Listing Broker

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