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Dollar General

10788 Dixie Hwy, Davisburg, MI 99980

Listing Price: $2,000,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$219.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.99

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • The subject property is an upgraded construction 9,100 SF Dollar General located in Davisburg, MI • This store is delivering in July 2022 and sits on 2 acres of land. INTERSTATE LOCATION • The subject property is well located off I-75 (54,977 VPD) 45 miles North of Detroit. AFFULENT DETROIT SUBURB • This Dollar General in located in Davisburg, an affluent market outside of Detroit. • The 5 Mile Average Household income is $137,577 which is far superior to most Dollar General Locations. • The 5 Mile population for this store is 26,538 with 4.50% growth. • Located 2 miles from Kroger, Office Depot, Walgreens, McDonalds and more. DETROIT MSA • The subject property is located 45 miles North of Detroit off of I-75 (54,977 VPD). • Detroit is the largest and most populous city in Michigan and the 26th most populous city in the U.S. with a population of 670,031. • Detroit has the second largest regional economy in the Midwest due to its contribution of $225 Billion to the state’s economy and over 712,000 jobs. • Home to multiple Fortune 500 companies including General Motors, Quicken Loans, Ally Financial and many more. • The Port of Detroit is one of the four major straits that connects the Great Lakes to the Saint Lawrence Seaway. The Port carries millions of tons of cargo per year. • Detroit is home to multiple professional sports teams including the NFL’s Detroit Lions, the MLB’s Detroit Tigers, the NBA’s Detroit Pistons, and the NHL’s Red Wings. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion.

Investment Highlights

  • 2022 Upgraded Construction Dollar General | July 2022 Delivery
  • 5 Mile AVG. HHI $137,577
  • Interstate Location 54,977 VPD
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,200 + Locations

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Discount

Dollar General

Listing Price: $2,000,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$219.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.99

Investment Highlights

  • 2022 Upgraded Construction Dollar General | July 2022 Delivery
  • 5 Mile AVG. HHI $137,577
  • Interstate Location 54,977 VPD
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,200 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • The subject property is an upgraded construction 9,100 SF Dollar General located in Davisburg, MI • This store is delivering in July 2022 and sits on 2 acres of land. INTERSTATE LOCATION • The subject property is well located off I-75 (54,977 VPD) 45 miles North of Detroit. AFFULENT DETROIT SUBURB • This Dollar General in located in Davisburg, an affluent market outside of Detroit. • The 5 Mile Average Household income is $137,577 which is far superior to most Dollar General Locations. • The 5 Mile population for this store is 26,538 with 4.50% growth. • Located 2 miles from Kroger, Office Depot, Walgreens, McDonalds and more. DETROIT MSA • The subject property is located 45 miles North of Detroit off of I-75 (54,977 VPD). • Detroit is the largest and most populous city in Michigan and the 26th most populous city in the U.S. with a population of 670,031. • Detroit has the second largest regional economy in the Midwest due to its contribution of $225 Billion to the state’s economy and over 712,000 jobs. • Home to multiple Fortune 500 companies including General Motors, Quicken Loans, Ally Financial and many more. • The Port of Detroit is one of the four major straits that connects the Great Lakes to the Saint Lawrence Seaway. The Port carries millions of tons of cargo per year. • Detroit is home to multiple professional sports teams including the NFL’s Detroit Lions, the MLB’s Detroit Tigers, the NBA’s Detroit Pistons, and the NHL’s Red Wings. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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