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Dollar General | 5 Mile Pop: 53,131

2313 Conner St, Port Huron, MI 48060

Listing Price: $1,250,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.30

Investment Overview

LOW RENT & PRICE POINT
• The subject property has a low rent of $93,735 ($10.30/SF) that equates to a low price point of $1.25 million.

5 MILE POPULATION: 53,131
• The subject Dollar General has a 5 mile population of 53,131 with 1.44% growth and an average household income of $65,024.

POSITIONED OF TWO HARD CORNERS WITH EXCEPTIONAL ACCESS & VISIBILITY (23,400 VPD)
• The property is positioned along three streets and on two hard corners, one of which is signalized with a combined 23,400 VPD.

8 YEAR CORPORATE NNN LEASE GUARANTEED BY DOLLAR GENERAL
• Dollar General signed a 15 year corporate guaranteed NNN lease that commenced in January 2019.
• There are 8.75 years remaining on the primary lease term.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the five, 5-year option periods.

LOCATED 1 MILE FROM INDUSTRIAL PARK WITH 9,500 EMPLOYEES
• The property is positioned 1 mile from the Port Huron Industrial Park. This industrial park is 275 acres and supports over 9,500 employees providing an established customer base for this store.
• This industrial park is home to 41 manufacturing plants including companies such as Johnson Controls, International Automotive Components and Magna Powertrain.

NEAR CANADIAN BORDER | $200M ECONMIC IMPACT
• Port Huron sits on the U.S.- Canada border along the St. Clair River, serving as a key Great Lakes port and trade hub.
• Canadian visitors contribute over $200 million annually to the Port Huron economy. This spending significantly supports local businesses, especially in retail, restaurants and hospitality sectors.
• The Port Huron border crossing processes about 27% of total North American land-based international trade with Canada.
• The Blue Water Bridge is the 3rd-busiest U.S.-Canada truck crossing supporting over $71.5 Billion in cargo annually.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • Low Rent & Price Point
  • 5 Mile Population: 53,131
  • Positioned On Two Hard Corners With Exceptional Access & Visibility (23,400 VPD)
  • 8.75 Year Corporate NNN Lease Guaranteed By Dollar General
  • Located 1 Mile From Industrial Park With 9,500 Employees
  • Near Canadian Border | $200M Economic Impact
  • Investment Grade Tenant (S&P: BBB) With 21,000 Locations

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Discount

Dollar General | 5 Mile Pop: 53,131

Listing Price: $1,250,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.30

Investment Highlights

  • Low Rent & Price Point
  • 5 Mile Population: 53,131
  • Positioned On Two Hard Corners With Exceptional Access & Visibility (23,400 VPD)
  • 8.75 Year Corporate NNN Lease Guaranteed By Dollar General
  • Located 1 Mile From Industrial Park With 9,500 Employees
  • Near Canadian Border | $200M Economic Impact
  • Investment Grade Tenant (S&P: BBB) With 21,000 Locations

Investment Overview

LOW RENT & PRICE POINT • The subject property has a low rent of $93,735 ($10.30/SF) that equates to a low price point of $1.25 million. 5 MILE POPULATION: 53,131 • The subject Dollar General has a 5 mile population of 53,131 with 1.44% growth and an average household income of $65,024. POSITIONED OF TWO HARD CORNERS WITH EXCEPTIONAL ACCESS & VISIBILITY (23,400 VPD) • The property is positioned along three streets and on two hard corners, one of which is signalized with a combined 23,400 VPD. 8 YEAR CORPORATE NNN LEASE GUARANTEED BY DOLLAR GENERAL • Dollar General signed a 15 year corporate guaranteed NNN lease that commenced in January 2019. • There are 8.75 years remaining on the primary lease term. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the five, 5-year option periods. LOCATED 1 MILE FROM INDUSTRIAL PARK WITH 9,500 EMPLOYEES • The property is positioned 1 mile from the Port Huron Industrial Park. This industrial park is 275 acres and supports over 9,500 employees providing an established customer base for this store. • This industrial park is home to 41 manufacturing plants including companies such as Johnson Controls, International Automotive Components and Magna Powertrain. NEAR CANADIAN BORDER | $200M ECONMIC IMPACT • Port Huron sits on the U.S.- Canada border along the St. Clair River, serving as a key Great Lakes port and trade hub. • Canadian visitors contribute over $200 million annually to the Port Huron economy. This spending significantly supports local businesses, especially in retail, restaurants and hospitality sectors. • The Port Huron border crossing processes about 27% of total North American land-based international trade with Canada. • The Blue Water Bridge is the 3rd-busiest U.S.-Canada truck crossing supporting over $71.5 Billion in cargo annually. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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