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266 Main St, Walkerville, MI, 49459

Dollar General
$1,308,360

Key Information

Cap Rate
7.25%
Year Built
2020
Type
Retail
Leasable Area
10,660

Highlights

 

  • Brand new 2020 build-to-suit construction for Dollar General
  • Dollar General PLUS concept (larger 10,660 SF building)
  • DG PLUS concepts confirm that the tenant is projecting above average sales volume for this location
  • ±13 years remaining on an initial 15-Year lease
  • Absolute NNN lease w/ zero management responsibilities
  • Five, 5-Year renewal options, all of which include an attractive 10% rental increase
  • Corporately guaranteed lease from Dollar General Corporation
  • On main thoroughfare situated near the local schools
  • Dollar General boasts an investment grade credit rating of BBB (S&P).
  • Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future.
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.

 

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

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