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Dollar General

3209 Thumb Lake Rd, Boyne Falls, MI 49713

Listing Price: $1,291,000

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$141.87
Lease Type
Absolute Net
Rent Per Square Feet
$10.28

Investment Overview

Ten years remaining on an absolute-net lase for this Dollar General located near Boyne Mountain Ski and Golf Resort in Boyne Falls, Michigan , just five-miles from Lake Charlevoix, Michigan's third largest inland lake.

Investment Highlights

  • Ten Years Remaining on Absolute-Net Lease - Expires 2035
  • Placer Ranking – 79 Percent of all Michigan Stores and 87 Percent within 50-Mile Radius
  • Near Boyne Mountain Ski Resort and Avalanche Bay Water Park – Ranked in Top 3 Midwest Resorts
  • Three Acre Parcel - Future Development Potential
  • Dollar General - 20,000+ Locations - S&P Rating - "BBB-"
  • Boyne Falls Only Convenience Store to Serve Year-Round Tourism

Exclusively Listed By

Financing By

Listing Price: $1,291,000

Cap Rate
7.25%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$141.87
Lease Type
Absolute Net
Rent Per Square Feet
$10.28

Investment Highlights

  • Ten Years Remaining on Absolute-Net Lease - Expires 2035
  • Placer Ranking – 79 Percent of all Michigan Stores and 87 Percent within 50-Mile Radius
  • Near Boyne Mountain Ski Resort and Avalanche Bay Water Park – Ranked in Top 3 Midwest Resorts
  • Three Acre Parcel - Future Development Potential
  • Dollar General - 20,000+ Locations - S&P Rating - "BBB-"
  • Boyne Falls Only Convenience Store to Serve Year-Round Tourism

Investment Overview

Ten years remaining on an absolute-net lase for this Dollar General located near Boyne Mountain Ski and Golf Resort in Boyne Falls, Michigan , just five-miles from Lake Charlevoix, Michigan's third largest inland lake.

Exclusively Listed By

Financing By

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