Discount
Dollar General
17080 Lincoln Rd, New Lothrop, MI 48460
Listing Price: $1,842,000
Investment Overview
NEW CONSTRUCTION 10,640 SF DOLLAR GENERAL • Brand new 10,640 SF Dollar General located in New Lothrop, MI • This store is currently being built and is scheduled to deliver in January 2022. CLOSE PROXIMITY TO SAGINAW • The subject property is only 20 miles south of Saginaw, MI off I-75 (69,313 VPD). • The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County • Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and many more. • Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports. AFFLUENT MARKET • The 5-Mile average household income is $76,575 which is superior to most Dollar General markets. 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 18,000 locations and expanding by 1,050 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 Construction Delivery Jan 2022
- Close Proximity To Saginaw
- 5-Mile Average HHI $76,575
- 15-Year NNN Lease
- Investment Grade Tenant | 18,000 + Locations
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $1,842,000
Investment Highlights
- New Construction Delivery Jan 2022
- Close Proximity To Saginaw
- 5-Mile Average HHI $76,575
- 15-Year NNN Lease
- Investment Grade Tenant | 18,000 + Locations
Investment Overview
NEW CONSTRUCTION 10,640 SF DOLLAR GENERAL • Brand new 10,640 SF Dollar General located in New Lothrop, MI • This store is currently being built and is scheduled to deliver in January 2022. CLOSE PROXIMITY TO SAGINAW • The subject property is only 20 miles south of Saginaw, MI off I-75 (69,313 VPD). • The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County • Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and many more. • Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports. AFFLUENT MARKET • The 5-Mile average household income is $76,575 which is superior to most Dollar General markets. 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 18,000 locations and expanding by 1,050 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
Financing By

