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Discount

Absolute Net Dollar General w/Ten Years Remaining

4276 Le Valley Rd, Columbiaville, MI 48421

Listing Price: $1,414,752

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
10.2
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$156.74
Lease Type
Absolute Net
Rent Per Square Feet
$9.80

Investment Overview

Subject is a Prime 9,026 Square-Foot Build-to-Suit Dollar General on a 1.73-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Hard Corner. Absolute NNN Lease with a 15-Year Base Term and Zero Landlord Responsibility | 10% Rental Increases in 5 x 5-Year Options.

Investment Highlights

  • Investment Grade Tenant Dollar General is the Country's Largest Small Box Discount Retailer with Over 18,000 Stores and a Credit Rating of BBB from S&P
  • Traffic Counts on LeValley Road (1,744 VPD) and Marathon Road (1,342 VPD), a Quarter Mile off of Pine Street (3,373 VPD) (Source: LandVision, CoStar 2020)
  • Thriving Bedroom Community with an Average Household Income of Over $74,000 within Five Miles of the Subject Asset, as of 2022
  • Subject is 26 Miles from Bishop International Airport, Serving 300,000 Passengers Annually (bishopairport.org)
  • Parks and Outdoor Recreational Facilities Nearby Include: Lapeer State Game Area, Zemmer Park, Buttercup Beach, Sugarbush Golf Club, For-Mar Nature Preserve & Arboretum, Sloan Museum, and More
  • Subject is 22 Miles from Downtown Flint Michigan, with a Population of 80,628

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

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 w/Ten Years Remaining

Listing Price: $1,414,752

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
10.2
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$156.74
Lease Type
Absolute Net
Rent Per Square Feet
$9.80

Investment Highlights

  • Investment Grade Tenant Dollar General is the Country's Largest Small Box Discount Retailer with Over 18,000 Stores and a Credit Rating of BBB from S&P
  • Traffic Counts on LeValley Road (1,744 VPD) and Marathon Road (1,342 VPD), a Quarter Mile off of Pine Street (3,373 VPD) (Source: LandVision, CoStar 2020)
  • Thriving Bedroom Community with an Average Household Income of Over $74,000 within Five Miles of the Subject Asset, as of 2022
  • Subject is 26 Miles from Bishop International Airport, Serving 300,000 Passengers Annually (bishopairport.org)
  • Parks and Outdoor Recreational Facilities Nearby Include: Lapeer State Game Area, Zemmer Park, Buttercup Beach, Sugarbush Golf Club, For-Mar Nature Preserve & Arboretum, Sloan Museum, and More
  • Subject is 22 Miles from Downtown Flint Michigan, with a Population of 80,628

Investment Overview

Subject is a Prime 9,026 Square-Foot Build-to-Suit Dollar General on a 1.73-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Hard Corner. Absolute NNN Lease with a 15-Year Base Term and Zero Landlord Responsibility | 10% Rental Increases in 5 x 5-Year Options.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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