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Absolute Net Dollar General | Upgraded Construction | Near Detroit, MI

292 S State St, Otisville, MI 48463

Listing Price: $1,439,987

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$9.97

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General located in Otisville, Michigan.

Investment Highlights

  • Approximately 9.5 Years Remaining on an Absolute Net Lease | No Landlord Responsibilities
  • Five, Five-Year Options with 10 Percent Rental Increases
  • Corporately Guaranteed Lease by Dollar General (NYSE: DG)
  • High Visibility Along a Main Thoroughfare into Otisville | 7,100+ Vehicles Per Day Along State Road
  • Situated on a 1.2 Acre Parcel With Two Points of Ingress and Sidewalk Access
  • Otisville is 80 Minutes from Downtown Detroit

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Discount

Absolute Net Dollar General | Upgraded Construction | Near Detroit, MI

Listing Price: $1,439,987

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$9.97

Investment Highlights

  • Approximately 9.5 Years Remaining on an Absolute Net Lease | No Landlord Responsibilities
  • Five, Five-Year Options with 10 Percent Rental Increases
  • Corporately Guaranteed Lease by Dollar General (NYSE: DG)
  • High Visibility Along a Main Thoroughfare into Otisville | 7,100+ Vehicles Per Day Along State Road
  • Situated on a 1.2 Acre Parcel With Two Points of Ingress and Sidewalk Access
  • Otisville is 80 Minutes from Downtown Detroit

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General located in Otisville, Michigan.

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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