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12,480 SF Dollar General | Lake Huron Coast

4347 F41, Oscoda, MI 48750

Listing Price: $1,995,000

Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
12,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.71

Investment Overview

NEW UPGRADED CONSTRUCTION 12,480 SF DOLLAR GENERAL
• 12,480 SF upgraded construction Dollar General Market located in Oscoda, MI.
• The subject property is open, and rent commenced in January 2024.

14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• Subject Property has 14 years left on a 15-year corporate guaranteed NNN lease with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

OSCODA, MI | GATEWAY TO NORTHEAST MICHIGAN TOURISM
• Oscoda is 15 minutes north of East Tawas and sits along the scenic shores of Lake Huron and the Au Sable River.
• Tourism and outdoor recreation are major drivers of the local economy, with thousands visiting annually for canoeing, hiking, camping, and fishing in the Huron National Forest and along the Au Sable River with over 3M visitors per year.
• Manufacturing and aerospace also play a role in the economy, with Alcona Tool and Precision Motors among key employers at the Wurtsmith base redevelopment site.
• In 2023, Iosco County (where Oscoda is located) brought in over $70 million in tourism revenue from lodging, food, and outdoor recreation activities.
• Home to the Oscoda-Wurtsmith Airport and the former Wurtsmith Air Force Base, now repurposed as a hub for aerospace and industrial development.

NEAR OSCODA-WURTSMITH AIRPORT
• Oscoda-Wurtrsmith Airport is located less than 3 minutes from this Dollar General and sees 5,000+ flights a year.
• Kalitta Air is headquartered in Oscoda and provides over 1,300 local jobs through its air freight services and aircraft maintenance operations.

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 $18.16 Billion.

Investment Highlights

  • New Upgraded Construction 12,480 SF Dollar General
  • 14 Year Corporate NNN Lease With Rent Increases In Initial Term
  • Oscoda, MI | Gateway To Northeast Michigan Tourism
  • Near Oscoda-Wurtsmith Airport
  • 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

12,480 SF Dollar General | Lake Huron Coast

Listing Price: $1,995,000

Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
12,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.71

Investment Highlights

  • New Upgraded Construction 12,480 SF Dollar General
  • 14 Year Corporate NNN Lease With Rent Increases In Initial Term
  • Oscoda, MI | Gateway To Northeast Michigan Tourism
  • Near Oscoda-Wurtsmith Airport
  • Investment Grade Tenant (S&P:BBB) With 21,000 Locations

Investment Overview

NEW UPGRADED CONSTRUCTION 12,480 SF DOLLAR GENERAL • 12,480 SF upgraded construction Dollar General Market located in Oscoda, MI. • The subject property is open, and rent commenced in January 2024. 14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM • Subject Property has 14 years left on a 15-year corporate guaranteed NNN lease with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. OSCODA, MI | GATEWAY TO NORTHEAST MICHIGAN TOURISM • Oscoda is 15 minutes north of East Tawas and sits along the scenic shores of Lake Huron and the Au Sable River. • Tourism and outdoor recreation are major drivers of the local economy, with thousands visiting annually for canoeing, hiking, camping, and fishing in the Huron National Forest and along the Au Sable River with over 3M visitors per year. • Manufacturing and aerospace also play a role in the economy, with Alcona Tool and Precision Motors among key employers at the Wurtsmith base redevelopment site. • In 2023, Iosco County (where Oscoda is located) brought in over $70 million in tourism revenue from lodging, food, and outdoor recreation activities. • Home to the Oscoda-Wurtsmith Airport and the former Wurtsmith Air Force Base, now repurposed as a hub for aerospace and industrial development. NEAR OSCODA-WURTSMITH AIRPORT • Oscoda-Wurtrsmith Airport is located less than 3 minutes from this Dollar General and sees 5,000+ flights a year. • Kalitta Air is headquartered in Oscoda and provides over 1,300 local jobs through its air freight services and aircraft maintenance operations. 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 $18.16 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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