Discount
Dollar General Calumet
56677 Mine St, Calumet Township, MI 49913
Listing Price: $1,200,000
Investment Overview
Marcus and Millichap is pleased to present for sale this Dollar General located in Calumet Township, Michigan. Dollar General currently has over 6 years left on the lease and benefits from strategic community positioning benefiting from the local tourism brought from the Swedetown Recreation Area, and being in the heart of the local retail corridor. This asset provides an investor the opportunity to purchase an asset with an attractive yield with a strong financial backing, all while requiring no management obligations to the owner.
Dollar General Calumet
Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- Low Price Point Store - Ideal for 1031 clients coming out of a smaller exchange. The store benefits from a lower than average rent for typical Dollar Generals.
- Investment Grade Corporate Guarantee - Dollar General boasts an investment grade credit rating of BBB by the S&P and operates over 17,000 locations.
- Well Positioned Store - This Dollar General benefits from immediate proximity to the Swedetown Recreation Area which is a 1,900 acre recreation area affixed with ski trailers, hiking, mountain biking, fishing, and an annual Bike Race.
- Community Oriented Location - Site in walking distance from local grocer, hotels, bank, gas station, and local strip center.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Listing Price: $1,200,000
Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- Low Price Point Store - Ideal for 1031 clients coming out of a smaller exchange. The store benefits from a lower than average rent for typical Dollar Generals.
- Investment Grade Corporate Guarantee - Dollar General boasts an investment grade credit rating of BBB by the S&P and operates over 17,000 locations.
- Well Positioned Store - This Dollar General benefits from immediate proximity to the Swedetown Recreation Area which is a 1,900 acre recreation area affixed with ski trailers, hiking, mountain biking, fishing, and an annual Bike Race.
- Community Oriented Location - Site in walking distance from local grocer, hotels, bank, gas station, and local strip center.
Investment Overview
Marcus and Millichap is pleased to present for sale this Dollar General located in Calumet Township, Michigan. Dollar General currently has over 6 years left on the lease and benefits from strategic community positioning benefiting from the local tourism brought from the Swedetown Recreation Area, and being in the heart of the local retail corridor. This asset provides an investor the opportunity to purchase an asset with an attractive yield with a strong financial backing, all while requiring no management obligations to the owner.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
