loader
Join Free
Views: 94 DOM: 60 Updated: 08.14.24 Posted: 07.10.24 Status: Active

Summary

Price $606,153
Built/Renov 1994
Tenant Dollar General
Cap Rate 9.01%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 8,100
Lease Start 08-01-2019
#Units 19,986
Price/SF $74.83
Expiration 07-31-2030
Tenant Type Dollar/Discount
NOI $54,638
R. Term 5.10
Ownership Fee Simple
Rent/SF $6.75
Increases 0.0%/0/yrs
Pop 5Mi 20,493
Lot/AC 1.25
Options 2/5yrs
AHHI 5Mi $83,440

Lease Highlights

  • Dollar General has 6 years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features rental escalations at the start of each option period
  • Recent renovations include 3 new HVAC Systems installed in 2021 | Parking lot improvements in 2020
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on N Main Street, the main retail corridor, with access to 8,400 vehicles passing by daily. The property enjoys proximity within 1.9 miles of US-131 (41,400 VPD). The 5-mile trade area is supported by a population of 20,493 residents with an average household income of $83,440.Cedar Springs, situated in Kent County, Michigan, is a northern city within...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity