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Dollar General (Saginaw)

5965 Dubois Rd, Vassar, MI 48768

Listing Price: $1,712,000

Cap Rate
5.20%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.78

Investment Overview

NEW BUILD TO SUIT DOLLAR GENERAL • Brand new Build to Suit Dollar General located in Vassar, MI. • This store is 9,100 SF prototype that is delivering in January 2022. NEAR SAGINAW, MI • This Dollar General is located 20 miles East of Saginaw in Mid Michigan. • The Saginaw County MSA has a population of 196,542. • Over $7 billion has been invested in Saginaw County, and more than 700 businesses have expanded. • Saginaw County is home to five universities and two community colleges with more than 45,000 students. • Economic development is focused on comparative advantages in innovation, clean energy, and continued manufacturing exports. The city continues to have a higher proportion of manufacturing jobs than the US average. 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 17,000 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 BTS Construction Store
  • Jan 2022 Delivery
  • Saginaw MSA
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant 17,500 + Locations

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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Dollar General (Saginaw)

Listing Price: $1,712,000

Cap Rate
5.20%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.78

Investment Highlights

  • New BTS Construction Store
  • Jan 2022 Delivery
  • Saginaw MSA
  • Brand New 15-Year NNN Lease
  • Investment Grade Tenant 17,500 + Locations

Investment Overview

NEW BUILD TO SUIT DOLLAR GENERAL • Brand new Build to Suit Dollar General located in Vassar, MI. • This store is 9,100 SF prototype that is delivering in January 2022. NEAR SAGINAW, MI • This Dollar General is located 20 miles East of Saginaw in Mid Michigan. • The Saginaw County MSA has a population of 196,542. • Over $7 billion has been invested in Saginaw County, and more than 700 businesses have expanded. • Saginaw County is home to five universities and two community colleges with more than 45,000 students. • Economic development is focused on comparative advantages in innovation, clean energy, and continued manufacturing exports. The city continues to have a higher proportion of manufacturing jobs than the US average. 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 17,000 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

Financing By

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