Skip to main content

Discount

Family Dollar

415-421 N Williams St, Mancelona, MI 49659

Listing Price: $1,701,117

Cap Rate
6.00%
Tenant Name
Family Dollar, Inc.
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.27

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar property located in 415-421 North Williams Street, Mancelona, Michigan 49659. The site consists of roughly 8,320 rentable square feet of building space on a combined estimated 1.31-acres of land. The property is subject to an 8.5-year absolute triple-net (NNN) lease, which commenced on store opening date, on March 22, 2016. The current annual rent is $102,067 and is scheduled to increase by ten percent (10%) every Five (5) years beginning Lease Year 11 and throughout the renewal option periods.

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 8.5 Years of Term Remaining
  • Corporate Tenant | Corporate Guaranty

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Listing Price: $1,701,117

Cap Rate
6.00%
Tenant Name
Family Dollar, Inc.
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.27

Investment Highlights

  • Long-Term, Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 8.5 Years of Term Remaining
  • Corporate Tenant | Corporate Guaranty

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar property located in 415-421 North Williams Street, Mancelona, Michigan 49659. The site consists of roughly 8,320 rentable square feet of building space on a combined estimated 1.31-acres of land. The property is subject to an 8.5-year absolute triple-net (NNN) lease, which commenced on store opening date, on March 22, 2016. The current annual rent is $102,067 and is scheduled to increase by ten percent (10%) every Five (5) years beginning Lease Year 11 and throughout the renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

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