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1289 S Poseyville Rd, Midland, MI, 48640

DOLLAR GENERAL
$1,220,136

Key Information

Cap Rate
7.35%
Tot. SF
9,026
Year Built
2018
Term Remaining
±7.5 YRS
Type
Retail
NOI
$89,680

Highlights

LEASE & LOCATION:

  • 2018 build-to-suit construction for Dollar General
  • Absolute NNN Lease – Zero landlord responsibilities
  • Long Term Lease – 7.5 Years remaining on an initial 15 year lease with five, 5-year options
  • Corporately guaranteed lease from Dollar General Corporation
  • Bay City, MI MSA – 5 Mile Population In Excess of 36,055 residents
  • Extremely strong average household income of $84,529 annually
  • Nearby National Tenants include Costco, O’Reilly, Ace Hardware, 7 Eleven, CVS, and many more

TENANT:

  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
  • Dollar General has an investment-grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
  • Dollar General has a Market Cap of over 25 Billion

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203