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Dollar General

450 E Walton Blvd, Pontiac, MI 48340

Listing Price: $2,256,000

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$212.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.28

Investment Overview

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand new upgraded construction Dollar General located in Pontiac, MI. • This store is under construction and is scheduled for Delivery in August 2022. 5 MILE POPULATION: 150,802 • The subject property is located in Pontiac and has 150,802 people in a 5 mile radius. • The average household income is $80,898 in a 5 mile radius. This is superior to most Dollar General Locations. • This Dollar General is 3 miles from Oakland University with 19,000+ students and 2,000 faculty. NEAR INTERSTATE 75: 85,979 VPD • This Dollar General is located on Walton Blvd (9,015 VPD) and is only 2 miles from I-75 (85,979 VPD). • The property is 2 miles from a retail corridor with national tenants including Target, Costco Wholesale, The Home Depot, Sam’s Club and more. DETROIT MSA • The subject property is located 30 miles North of Detroit off of I-75 (85,979 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 in 47 states 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 Dollar General | Delivery Aug 2022
  • 5 Mile Pop 150,802
  • Near I-75 (85,979 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: $2,256,000

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$212.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.28

Investment Highlights

  • 2022 Upgraded Dollar General | Delivery Aug 2022
  • 5 Mile Pop 150,802
  • Near I-75 (85,979 VPD)
  • 15-Year NNN Lease
  • Investment Grade Tenant | 18,200 + Locations

Investment Overview

NEW UPGRADED BUILD TO SUIT DOLLAR GENERAL • Brand new upgraded construction Dollar General located in Pontiac, MI. • This store is under construction and is scheduled for Delivery in August 2022. 5 MILE POPULATION: 150,802 • The subject property is located in Pontiac and has 150,802 people in a 5 mile radius. • The average household income is $80,898 in a 5 mile radius. This is superior to most Dollar General Locations. • This Dollar General is 3 miles from Oakland University with 19,000+ students and 2,000 faculty. NEAR INTERSTATE 75: 85,979 VPD • This Dollar General is located on Walton Blvd (9,015 VPD) and is only 2 miles from I-75 (85,979 VPD). • The property is 2 miles from a retail corridor with national tenants including Target, Costco Wholesale, The Home Depot, Sam’s Club and more. DETROIT MSA • The subject property is located 30 miles North of Detroit off of I-75 (85,979 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 in 47 states 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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