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Dollar General | Early Extension w/ 6+ Years Remaining | Recent Property Improvements

294 N Main St NE, Cedar Springs, MI 49319

Listing Price: $606,153

Cap Rate
9.01%
Tenant Name
Dollar General
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
8,100
Lease Type
Double Net
Rent Per Square Feet
$7.33

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General located in Cedar Springs, Michigan.

Investment Highlights

  • Over 6 Years Remaining After an Early Five-Year Lease Extension Featuring Rent Increase | Two Five-Year Options Remaining
  • Double Net Lease With Minimal Landlord Responsibilities | Lease is Corporately Guaranteed
  • Recent Renovations Include Three New HVAC Systems Installed 2021 and Parking Lot Improvements in 2020
  • High Visibility Along N Main Street With Ample Parking | N Main Street Sees 8,400-Plus Vehicles Per Day
  • Situated Along the Main Retail Corridor of Cedar Springs, 1.9 Miles From US-131 (41,400-Plus Vehicles Per Day)
  • Cedar Springs is 20 Miles From Downtown Grand Rapids
  • Strong Demographics: Population Exceeds 75,400 Within 10-Miles and is Projected to Increase by 2027 | Overall Population Within 10 Miles has Increased by 30 Percent Since 2000 | Average Household Income of $93,900-Plus

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Discount

Dollar General | Early Extension w/ 6+ Years Remaining | Recent Property Improvements

Listing Price: $606,153

Cap Rate
9.01%
Tenant Name
Dollar General
Years Remaining On Lease
6.1
Guarantor
Corporate Guarantee
Rentable SF
8,100
Lease Type
Double Net
Rent Per Square Feet
$7.33

Investment Highlights

  • Over 6 Years Remaining After an Early Five-Year Lease Extension Featuring Rent Increase | Two Five-Year Options Remaining
  • Double Net Lease With Minimal Landlord Responsibilities | Lease is Corporately Guaranteed
  • Recent Renovations Include Three New HVAC Systems Installed 2021 and Parking Lot Improvements in 2020
  • High Visibility Along N Main Street With Ample Parking | N Main Street Sees 8,400-Plus Vehicles Per Day
  • Situated Along the Main Retail Corridor of Cedar Springs, 1.9 Miles From US-131 (41,400-Plus Vehicles Per Day)
  • Cedar Springs is 20 Miles From Downtown Grand Rapids
  • Strong Demographics: Population Exceeds 75,400 Within 10-Miles and is Projected to Increase by 2027 | Overall Population Within 10 Miles has Increased by 30 Percent Since 2000 | Average Household Income of $93,900-Plus

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General located in Cedar Springs, Michigan.

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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