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Dollar General

1406 US-2, Bessemer, MI 49911

Listing Price: $1,246,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$136.92
Lease Type
Absolute Net
Rent Per Square Feet
$10.27

Investment Overview

New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10 Percent Rental Increases in Each Five 5-Year Option | Metal Roof

Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P

Tenant Recently Completed an Interior Remodel, Showing Commitment to Site

Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area

Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others

Property is Located Near Residential Areas and Local Area Retail Establishments | Five Miles from Indianhead Valley Condos

Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI

Investment Highlights

  • New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10 Percent Rental Increases in Each Five 5-Year Option | Metal Roof
  • Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P
  • Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Discount

Dollar General

Listing Price: $1,246,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.6
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$136.92
Lease Type
Absolute Net
Rent Per Square Feet
$10.27

Investment Highlights

  • New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10 Percent Rental Increases in Each Five 5-Year Option | Metal Roof
  • Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P
  • Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area

Investment Overview

New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease – No Landlord Responsibilities | 10 Percent Rental Increases in Each Five 5-Year Option | Metal Roof Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500 Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P Tenant Recently Completed an Interior Remodel, Showing Commitment to Site Resort Town Dollar General – Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area Location Benefits from Year-Round Visitors to Nearby Recreational Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park, Black River Falls, and the Iron Belle Trail and Others Property is Located Near Residential Areas and Local Area Retail Establishments | Five Miles from Indianhead Valley Condos Excellent Visibility from Highly Trafficked US Hwy 2, the Longest Highway in the Upper Peninsula | Connects Ironwood and Wakefield, MI

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

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