Discount
Family Dollar
415-421 N Williams St, Mancelona, MI 49659
Listing Price: $1,701,117
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.
Listing Price: $1,701,117
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.
