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