Skip to main content

Discount

Dollar General

3121 Sheridan Rd, Saginaw, MI 48601

Listing Price: $1,996,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.38

Investment Overview

NEW CONSTRUCTION 10,640 SF DOLLAR GENERAL • Brand new 10,640 SF Dollar General located in Saginaw, MI • This store opened in February 2022. WELL LOCATED NEAR T WO INTERSTATES (85,109 VPD) • The subject property is 2.5 miles from Interstate 75 (60,238 VPD) and 4 miles from Interstate 675 (24,871 VPD). • The main retail corridor in Saginaw is only 5 miles from this Dollar General. National retailers include Hobby Lobby, Target, Meijer, the Home Depot, and many more. • This Dollar General is strategically located in a dense residential pocket with 89,803 people in a 5-mile radius. SAGINAW • The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County • Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and more. • Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports. 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 18,000 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Upgraded Construction | Opened Feb 2022
  • 5 Mile Pop 89,803
  • Near Two Interstates (85,109 VPD)
  • 15-Year NNN Lease
  • Investment Grade Tenant 18,000+ 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: $1,996,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.38

Investment Highlights

  • New Upgraded Construction | Opened Feb 2022
  • 5 Mile Pop 89,803
  • Near Two Interstates (85,109 VPD)
  • 15-Year NNN Lease
  • Investment Grade Tenant 18,000+ Locations

Investment Overview

NEW CONSTRUCTION 10,640 SF DOLLAR GENERAL • Brand new 10,640 SF Dollar General located in Saginaw, MI • This store opened in February 2022. WELL LOCATED NEAR T WO INTERSTATES (85,109 VPD) • The subject property is 2.5 miles from Interstate 75 (60,238 VPD) and 4 miles from Interstate 675 (24,871 VPD). • The main retail corridor in Saginaw is only 5 miles from this Dollar General. National retailers include Hobby Lobby, Target, Meijer, the Home Depot, and many more. • This Dollar General is strategically located in a dense residential pocket with 89,803 people in a 5-mile radius. SAGINAW • The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County • Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and more. • Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports. 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 18,000 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

MM Texture Background
MM Textured Background Lower