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Dollar General

5700 Allen Rd, Allen Park, MI 48101

Listing Price: $1,381,000

Cap Rate
6.65%
Tenant Name
Dollar General
Years Remaining On Lease
5.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$151.76
Lease Type
Double Net
Rent Per Square Feet
$10.09

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General in the dense infill Detroit suburb of Allen Park, Michigan.

Investment Highlights

  • Dollar General Double-Net Lease with Six Years Remaining in Infill Suburban Detroit (Allen Park, Michigan)
  • Extremely Dense Infill Location Along Major Arterial with 15,300 Residents within a One-Mile Radius; Middle-Income Demos with $78,000 Average Household Income
  • Five-Year Extension Exercised Over Four Years in Advance of Initial Lease Expiration at Five Percent Increase in Rent Demonstrating Strong Commitment to the Site
  • Located Just Two Blocks North of Southfield Road (58,000 Vehicles Per Day) on Allen Road (14,000 Vehicles Per Day) – 72,000 Vehicles Per Day at Intersection
  • Investment-Grade Tenant Carrying S&P "BBB" Credit Rating
  • Located at Signalized Intersection with Two Points of Ingress/Egress on to both Allen Road and Horger Avenue, Easy Accessibility with Dedicated Turning Lane on Allen Road
  • Dense Middle-Income Demographics – 125,350 Residents in Three-Miles and 283,580 Residents in Five-Miles; Average Household Income of $63-78,000 within all Radius Rings
  • Complete Gut Renovation of Existing Building in 2012 – Highly Durable Concrete Block Construction with Prototypical 9,100 Square Feet Footprint and Excellent Visibility

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Listing Price: $1,381,000

Cap Rate
6.65%
Tenant Name
Dollar General
Years Remaining On Lease
5.9
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$151.76
Lease Type
Double Net
Rent Per Square Feet
$10.09

Investment Highlights

  • Dollar General Double-Net Lease with Six Years Remaining in Infill Suburban Detroit (Allen Park, Michigan)
  • Extremely Dense Infill Location Along Major Arterial with 15,300 Residents within a One-Mile Radius; Middle-Income Demos with $78,000 Average Household Income
  • Five-Year Extension Exercised Over Four Years in Advance of Initial Lease Expiration at Five Percent Increase in Rent Demonstrating Strong Commitment to the Site
  • Located Just Two Blocks North of Southfield Road (58,000 Vehicles Per Day) on Allen Road (14,000 Vehicles Per Day) – 72,000 Vehicles Per Day at Intersection
  • Investment-Grade Tenant Carrying S&P "BBB" Credit Rating
  • Located at Signalized Intersection with Two Points of Ingress/Egress on to both Allen Road and Horger Avenue, Easy Accessibility with Dedicated Turning Lane on Allen Road
  • Dense Middle-Income Demographics – 125,350 Residents in Three-Miles and 283,580 Residents in Five-Miles; Average Household Income of $63-78,000 within all Radius Rings
  • Complete Gut Renovation of Existing Building in 2012 – Highly Durable Concrete Block Construction with Prototypical 9,100 Square Feet Footprint and Excellent Visibility

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General in the dense infill Detroit suburb of Allen Park, Michigan.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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