Skip to main content

Discount

Dollar General (Detroit MSA)

TBD Division Road, Columbus, MI 48063

Listing Price: $1,676,000

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.95

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 9,100 SF Dollar General located in Columbus, MI. • This store is currently being built, has upgraded construction and is scheduled for delivery in July 2021. ATTRACTIVE INTERSTATE LOCATION • This Dollar General is located directly off of I-94 (34,198 VPD). I-94 is a 275-mile-long interstate that connects Montana to the lower peninsula of Michigan. • The Average Household Income in a 5-mile radius is $92,664 which is far superior to most Dollar General locations. DETROIT MSA • The subject property is located 45 miles North of Detroit off of I-94. • Detroit is the largest and most populous city in Michigan and the 26th most populous city in the U.S. with a population of 670,031. • Detroit has the second largest regional economy in the Midwest due to its contribution of $225 Billion to the state’s economy and over 712,000 jobs. • Home to multiple Fortune 500 companies including General Motors, Quicken Loans, Ally Financial and many more. • The Port of Detroit is one of the four major straits that connects the Great Lakes to the Saint Lawrence Seaway. The Port carries millions of tons of cargo per year. • Detroit is home to multiple professional sports teams including the NFL’s Detroit Lions, the MLB’s Detroit Tigers, the NBA’s Detroit Pistons, and the NHL’s Red Wings. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • New Upgraded Construction | Delivery July 2021
  • Interstate Location 34,198 VPD
  • Detroit MSA | Largest City In MI
  • 15-Year NNN Lease
  • Investment Grade Tenant | 17,000 + Locations

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Discount

Dollar General (Detroit MSA)

Listing Price: $1,676,000

Cap Rate
5.40%
Tenant Name
Dollar General
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.95

Investment Highlights

  • New Upgraded Construction | Delivery July 2021
  • Interstate Location 34,198 VPD
  • Detroit MSA | Largest City In MI
  • 15-Year NNN Lease
  • Investment Grade Tenant | 17,000 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand new 9,100 SF Dollar General located in Columbus, MI. • This store is currently being built, has upgraded construction and is scheduled for delivery in July 2021. ATTRACTIVE INTERSTATE LOCATION • This Dollar General is located directly off of I-94 (34,198 VPD). I-94 is a 275-mile-long interstate that connects Montana to the lower peninsula of Michigan. • The Average Household Income in a 5-mile radius is $92,664 which is far superior to most Dollar General locations. DETROIT MSA • The subject property is located 45 miles North of Detroit off of I-94. • Detroit is the largest and most populous city in Michigan and the 26th most populous city in the U.S. with a population of 670,031. • Detroit has the second largest regional economy in the Midwest due to its contribution of $225 Billion to the state’s economy and over 712,000 jobs. • Home to multiple Fortune 500 companies including General Motors, Quicken Loans, Ally Financial and many more. • The Port of Detroit is one of the four major straits that connects the Great Lakes to the Saint Lawrence Seaway. The Port carries millions of tons of cargo per year. • Detroit is home to multiple professional sports teams including the NFL’s Detroit Lions, the MLB’s Detroit Tigers, the NBA’s Detroit Pistons, and the NHL’s Red Wings. NEW 15 YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • 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

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

MM Texture Background
MM Textured Background Lower