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Dollar General 20260 Gratiot Rd 13,895 SF Retail Building Merrill, MI 48637 $825,365 CAD ($59.40 CAD/SF) 8.29% Cap Rate
Investment Highlights
- Corporate Guarantee from Dollar General.
- Recently Exercised 5-Year Option, with Increase.
- Investment Grade Tenant – S&P BBB Rating.
Executive Summary
13,895 SF NNN Lease Single Tenant
Corporate Guarantee from Dollar General
Investment Grade Tenant – S&P BBB Rating
Recently Exercised 5-Year Option, with Increase
Low Rent per Square Foot - $3.61/SF
Long Term Occupancy – 20+ Years
Two 5-Year Options Remaining
Only Dollar Store in Town
Corporate Guarantee from Dollar General
Investment Grade Tenant – S&P BBB Rating
Recently Exercised 5-Year Option, with Increase
Low Rent per Square Foot - $3.61/SF
Long Term Occupancy – 20+ Years
Two 5-Year Options Remaining
Only Dollar Store in Town
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
13,895 SF
Building Class
C
Year Built/Renovated
1976/2004
Price
$825,365 CAD
Price Per SF
$59.40 CAD
Cap Rate
8.29%
NOI
$68,430 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.20 AC
Frontage
300’ on Gratiot Rd
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 17-12-1-26-4009-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $325,755 CAD |
Property Taxes
Parcel Number
17-12-1-26-4009-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$325,755 CAD
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Dollar General | 20260 Gratiot Rd
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