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Dollar General

17080 Lincoln Rd, New Lothrop, MI 48460

Listing Price: $1,842,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.09

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

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Discount

Dollar General

Listing Price: $1,842,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.09

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

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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