Discount
Dollar General (Lansing MSA)
1160 W Lansing Rd, Morrice, MI 48857
Listing Price: $2,349,000
Investment Overview
NEW 15 YR NNN “NEXT GEN” DG LEASE W ITH 5 % BUMPS IN INITIAL LEASE & OPTIONS
• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET
• The subject property is a 12,480 SF upgraded construction Dollar General Market.
• DG Market is a combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• The store is scheduled for delivery in February 2024.
INTERSTATE LOCATION (27, 834 VPD)
• This Dollar General is located directly off Interstate 69 (27,834 VPD) on W Lansing Rd (5,509 VPD)
LANSING MSA | CAPITAL OF MICHIGAN
• This Dollar General is located 25 minutes northeast of downtown Lansing and is a part of the MSA
• Lansing is the capital of Michigan and has a population of 114,296, the fifth largest in the State
• Michigan State University is in Lansing and has the largest land campus in the U.S. with an
• enrollment of nearly 50,000 students.
• The Lansing metropolitan area’s major industries are government, education, insurance, healthcare, and automobile manufacturing
• The Lansing area is headquarters to four major national insurance companies: Auto-Owners Insurance Company, Jackson National Life, the Accident Fund, and Michigan Millers Insurance Company
• General Motors has offices and a hi-tech manufacturing facility in Lansing and several manufacturing facilities immediately outside the city
INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 19,400 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4
billion
Investment Highlights
- New 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
- New Upgraded Construction Dollar General Market
- Interstate Location (27,834 VPD)
- Lansing MSA | Capital Of Michigan
- Investment Grade Tenant
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $2,349,000
Investment Highlights
- New 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
- New Upgraded Construction Dollar General Market
- Interstate Location (27,834 VPD)
- Lansing MSA | Capital Of Michigan
- Investment Grade Tenant
Investment Overview
NEW 15 YR NNN “NEXT GEN” DG LEASE W ITH 5 % BUMPS IN INITIAL LEASE & OPTIONS • This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET • The subject property is a 12,480 SF upgraded construction Dollar General Market. • DG Market is a combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise. • The store is scheduled for delivery in February 2024. INTERSTATE LOCATION (27, 834 VPD) • This Dollar General is located directly off Interstate 69 (27,834 VPD) on W Lansing Rd (5,509 VPD) LANSING MSA | CAPITAL OF MICHIGAN • This Dollar General is located 25 minutes northeast of downtown Lansing and is a part of the MSA • Lansing is the capital of Michigan and has a population of 114,296, the fifth largest in the State • Michigan State University is in Lansing and has the largest land campus in the U.S. with an • enrollment of nearly 50,000 students. • The Lansing metropolitan area’s major industries are government, education, insurance, healthcare, and automobile manufacturing • The Lansing area is headquarters to four major national insurance companies: Auto-Owners Insurance Company, Jackson National Life, the Accident Fund, and Michigan Millers Insurance Company • General Motors has offices and a hi-tech manufacturing facility in Lansing and several manufacturing facilities immediately outside the city INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,400 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By

