Skip to main content

Discount

Dollar General | Resort Town | Long-Term Absolute NNN Lease

1406 U.S. Rte 2, Bessemer, MI 49911

Listing Price: $1,626,088

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
13.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$178.69
Lease Type
Absolute Net
Rent Per Square Feet
$10.27

Investment Overview

Resort Town Dollar General – Near Snowriver Mountain Ski Resort and Black River Basin @ Snowriver Mountain Ski Resort Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others Property is Located Near Residential Areas and Local Area Retail Establishments | 5 Miles from Indianhead Valley Condos Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI New Build in 2020 | 13+ Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option Corporate Guarantee| Dollar General (NYSE: DG) Has Over 18,000 Locations in 47 States | Investment Grade Tenant | BBB Rating by S&P

Investment Highlights

  • Resort Town Dollar General - Near Snowriver Mountain and Black River Basin Ski Resorts | Benefits from Year-Round Visitors to Nearby Recreational Areas
  • Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI
  • New Build in 2020 | 13+ Years Remaining on Absolute NNN Lease - No Landlord Responsibilities | Corporate Guarantee

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Discount

Dollar General | Resort Town | Long-Term Absolute NNN Lease

Listing Price: $1,626,088

Cap Rate
5.75%
Tenant Name
Dollar General
Years Remaining On Lease
13.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$178.69
Lease Type
Absolute Net
Rent Per Square Feet
$10.27

Investment Highlights

  • Resort Town Dollar General - Near Snowriver Mountain and Black River Basin Ski Resorts | Benefits from Year-Round Visitors to Nearby Recreational Areas
  • Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI
  • New Build in 2020 | 13+ Years Remaining on Absolute NNN Lease - No Landlord Responsibilities | Corporate Guarantee

Investment Overview

Resort Town Dollar General – Near Snowriver Mountain Ski Resort and Black River Basin @ Snowriver Mountain Ski Resort Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others Property is Located Near Residential Areas and Local Area Retail Establishments | 5 Miles from Indianhead Valley Condos Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI New Build in 2020 | 13+ Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10% Rental Increases in Each Five 5-Year Option Corporate Guarantee| Dollar General (NYSE: DG) Has Over 18,000 Locations in 47 States | Investment Grade Tenant | BBB Rating by S&P

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

MM Texture Background
MM Textured Background Lower