Share This Listing

Message

926 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Abs. NNN Dollar General | Peck, MI 106 E Lapeer St 9,100 SF Retail Building Peck, MI 48466 $1,619,267 CAD ($177.94 CAD/SF) 7.54% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Dollar General Corporate Guaranty; S&P Investment Grade Credit “BBB”; Absolute Triple Net Lease; Zero Landlord Responsibilities
  • 5 Option Periods with 10% Rent Increases in Each Option
  • Positioned Directly Infront of Peck Community Elementary School; 320+ Students in the District; 83.58% Home Ownership within 5 Miles
  • 2018 Construction; Original 15 Year Lease; 7.5 Years Remaining on Primary Term
  • FedEx Onsite Inside the Dollar General; Only Major Private Courier Service in the Immediate Area
  • Limited Competition; Only Dollar Store within a 10 Mile Radius

EXECUTIVE SUMMARY

Corporate Guaranty; S&P Investment Grade Credit "BBB"

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2018
Price
$1,619,267 CAD
Price Per SF
$177.94 CAD
Cap Rate
7.54%
NOI
$122,012 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.71 AC
Parking
33 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
151’ on E. Lapeer Rd

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
071-034-200-147-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$516,097 CAD
  • Listing ID: 37409231

  • Date on Market: 2025-08-25

  • Last Updated:

  • Address: 106 E Lapeer St, Peck, MI 48466

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}