Dollar General | Rental Increases in Primary
10,640 SF | Retail Building | Mount Pleasant, MI 48858 | $1,839,000 ($173/SF) | 6.85% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,839,000
- Property Type
-
Retail
- Square Feet
- 10,640 SF
- Price / Square Foot
- $173
Listing Contacts
Scott Crowle
Verified Profile
Michael Yuras
Verified Profile
Jack Hinson
Verified Profile
Vincent Aicale
Verified Profile
Ryan Forsyth
Verified Profile
- Property Info
Property Overview
This Dollar General boasts excellent accessibility from South Winn Road, a primary north-south Mt. Pleasant thoroughfare.
The property is positioned in an affluent location, with an average annual household income of $93,459 within a five-mile radius. Projected income increases within 5-, 10-, and 15-mile radii over the next five years poise Dollar General and Mt. Pleasant for steady concurrent growth.
The site is located within walking distance of Morbark headquarters, a 1.1 million square-foot manufacturing plant featuring approximately 450 employees, allowing the site to capture significant local traffic.
The site greatly benefits from its proximity to Central Michigan University, a public research university featuring 14,423 students and approximately 2,600 employees. 74,085 residents live within a fifteen-mile radius of the site, providing a large and reliable customer base.
The property is positioned in an affluent location, with an average annual household income of $93,459 within a five-mile radius. Projected income increases within 5-, 10-, and 15-mile radii over the next five years poise Dollar General and Mt. Pleasant for steady concurrent growth.
The site is located within walking distance of Morbark headquarters, a 1.1 million square-foot manufacturing plant featuring approximately 450 employees, allowing the site to capture significant local traffic.
The site greatly benefits from its proximity to Central Michigan University, a public research university featuring 14,423 students and approximately 2,600 employees. 74,085 residents live within a fifteen-mile radius of the site, providing a large and reliable customer base.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Storefront, Storefront Retail/Office
- Lot Size (sq. ft)
- 159,865 SF
Highlights
- 15-Year Absolute NNN lease to major retail tenant
- Guaranteed by Dollar General Corporation (NYSE: “DG”; over $37B in 2023 revenue)
- 5% rental increases every five (5) years, providing a long-term passive income generator
- No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
- Ideal fee-simple lease structure
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].