Skip to main content

Discount

Dollar General Calumet

56677 Mine St, Calumet Township, MI 49913

Listing Price: $1,049,500

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
9,366
Lease Type
Absolute Net
Rent Per Square Feet
$8.96

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.

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

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Discount

Dollar General Calumet

Listing Price: $1,049,500

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
9,366
Lease Type
Absolute Net
Rent Per Square Feet
$8.96

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

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

MM Texture Background
MM Textured Background Lower