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Discount

Dollar General | 6.40% Cap Rate | 15-Year Absolute Net Lease | Brand New Construction

8092 S Winn Rd, Mount Pleasant, MI 48858

Listing Price: $1,967,750

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$11.84

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a brand new 2024 construction Dollar General. The Property benefits from its large 3.67 acre lot and direct exposure on S. Winn Rd (3,900+ VPD). The Property features 15 years of lease term guaranteed by DG Retail, LLC (Dollar General Corporate, featuring an S&P "BBB" credit rating). The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. Dollar General operates 19,000+ stores in 47 states and in the 2022 fiscal year saw $37.8 Billion in sales nationwide. The Property is located just outside of Mt. Pleasant, MI, which is home to Central Michigan University (CMU). The public university has over 20,000 students with more than 15,000 of those students residing in Mt. Pleasant, MI.

Investment Highlights

  • NEW CONSTRUCTION / LONG TERM 15-YEAR LEASE
  • Located Near Central Michigan University
  • ABSOLUTE NNN LEASE
  • DOLLAR GENERAL CONTINUOUS GROWTH
  • RECESSION PROOF / ESSENTIAL TENANT
  • CORPORATE GUARANTEE (S&P "BBB") / NATIONAL TENANT
  • LIMITED DOLLAR STORE COMPETITION
  • STRATEGICALLY LOCATED / PRIME FRONTAGE

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Discount

Dollar General | 6.40% Cap Rate | 15-Year Absolute Net Lease | Brand New Construction

Listing Price: $1,967,750

Cap Rate
6.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$11.84

Investment Highlights

  • NEW CONSTRUCTION / LONG TERM 15-YEAR LEASE
  • Located Near Central Michigan University
  • ABSOLUTE NNN LEASE
  • DOLLAR GENERAL CONTINUOUS GROWTH
  • RECESSION PROOF / ESSENTIAL TENANT
  • CORPORATE GUARANTEE (S&P "BBB") / NATIONAL TENANT
  • LIMITED DOLLAR STORE COMPETITION
  • STRATEGICALLY LOCATED / PRIME FRONTAGE

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a brand new 2024 construction Dollar General. The Property benefits from its large 3.67 acre lot and direct exposure on S. Winn Rd (3,900+ VPD). The Property features 15 years of lease term guaranteed by DG Retail, LLC (Dollar General Corporate, featuring an S&P "BBB" credit rating). The lease type is Absolute NNN with the Landlord having no management or repair responsibilities. Dollar General operates 19,000+ stores in 47 states and in the 2022 fiscal year saw $37.8 Billion in sales nationwide. The Property is located just outside of Mt. Pleasant, MI, which is home to Central Michigan University (CMU). The public university has over 20,000 students with more than 15,000 of those students residing in Mt. Pleasant, MI.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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