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Dollar General

8068 Clio Rd, Mount Morris, MI 48458

Listing Price: $1,912,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$211.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.59

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand New Build to Suit Dollar General located in Mt. Morris, MI. • This store is 9,026 SF prototype with upgraded construction that is delivering in August 2021. WELL LOCATED NEAR TWO INTERSTATES (91,964 VPD) • This Dollar General sits approximately two miles between I-75 (73,523 VPD) and I-475 (18,441 VPD). • Nearby national retailers include Kroger, McDonald’s, Advance Auto Parts, Taco Bell, O’Reilly & More. • Detroit and Lansing are located only 1 hour away. 5-MILE POPULATION 62,785 • The 5-mile population for this store is 62,785, which is superior to most Dollar Generals. 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 Five, 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 17,400+ 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 Dollar General | Delivery Aug 2021
  • Near Two Interstates (91,964 VPD)
  • 5 Mile Pop 62,785
  • Brand New 15 Year NNN Lease
  • Investment Grade Tenant 17,400 + Locations

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Listing Price: $1,912,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$211.83
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.59

Investment Highlights

  • New Upgraded Dollar General | Delivery Aug 2021
  • Near Two Interstates (91,964 VPD)
  • 5 Mile Pop 62,785
  • Brand New 15 Year NNN Lease
  • Investment Grade Tenant 17,400 + Locations

Investment Overview

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand New Build to Suit Dollar General located in Mt. Morris, MI. • This store is 9,026 SF prototype with upgraded construction that is delivering in August 2021. WELL LOCATED NEAR TWO INTERSTATES (91,964 VPD) • This Dollar General sits approximately two miles between I-75 (73,523 VPD) and I-475 (18,441 VPD). • Nearby national retailers include Kroger, McDonald’s, Advance Auto Parts, Taco Bell, O’Reilly & More. • Detroit and Lansing are located only 1 hour away. 5-MILE POPULATION 62,785 • The 5-mile population for this store is 62,785, which is superior to most Dollar Generals. 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 Five, 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 17,400+ 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

Financing By

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