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Shopping Regional

Dollar General | 7+ Years Remaining | Absolute NNN Lease

5455 W Isabella Rd, Shepherd, MI 48883

Listing Price: $1,233,000

Cap Rate
7.25%
Rentable SF
9,170
Lot Size
1.78 acres
Year Built
2017

Investment Overview

Marcus & Millichap is proud to announce the listing of Dollar General in Shepherd, Michigan. The property has over seven years remaining on an original 15-year corporate guaranteed triple-net lease with 10 percent rent increases every five years in the options. Tenant is 100 percent responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. This is a true triple-net lease with no landlord responsibilities or expenses.

Investment Highlights

  • Investment Grade Tenant (S&P: BBB) with 21,000 plus Locations
  • Seven plus Years Remaining on an Original 15-Year Lease
  • 10-Miles from Central Michigan University (14,000 plus Students Enrolled)

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s) MI: 6502433613

    Michigan

Shopping Regional

Dollar General | 7+ Years Remaining | Absolute NNN Lease

Listing Price: $1,233,000

Cap Rate
7.25%
Rentable SF
9,170
Lot Size
1.78 acres
Year Built
2017

Investment Highlights

  • Investment Grade Tenant (S&P: BBB) with 21,000 plus Locations
  • Seven plus Years Remaining on an Original 15-Year Lease
  • 10-Miles from Central Michigan University (14,000 plus Students Enrolled)

Investment Overview

Marcus & Millichap is proud to announce the listing of Dollar General in Shepherd, Michigan. The property has over seven years remaining on an original 15-year corporate guaranteed triple-net lease with 10 percent rent increases every five years in the options. Tenant is 100 percent responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. This is a true triple-net lease with no landlord responsibilities or expenses.

Exclusively Listed By

Broker of Record

  • Paul Kerber

    Senior Managing Director Investments

    (248) 415-2600

    License(s): MI: 6502433613

    Michigan

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