Log In/Sign Up
Your email has been sent.
Dollar General 3209 Thumb Lake Rd 9,100 SF Retail Building Boyne Falls, MI 49713 $1,802,133 CAD ($198.04 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Includes two (2) acres of additional land for development.
- Ten years remaining on absolute net lease - Expires 2035
- Rare residual value due to proximity to Boyne Mountain Resort.
EXECUTIVE SUMMARY
Dollar General reimburses for taxes Charlevoix County population swells 72% during the summer. Includes two (2) acres of additional land for development. Rare residual value due to proximity to Boyne Mountain Resort. Only ‘convenience’ store in Boyne Falls Year-round customer base with nearby Boyne Mountain Resort. Ten years remaining on absolute net lease - Expires 2035. Just 1.5 miles from Boyne Mountain Resort and Golf. Located at the intersection of US 131 and Thumb Lake Road.
Placer ranking - 79% of all Michigan stores and 87% within 50-mile radius.
Placer ranking - 79% of all Michigan stores and 87% within 50-mile radius.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2020
Price
$1,802,133 CAD
Price Per SF
$198.04 CAD
Cap Rate
7.25%
NOI
$130,655 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.00 AC
Zoning
C-1 - Commercial
Parking
30 Spaces (3.29 Spaces per 1,000 SF Leased)
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Dollar General | 3209 Thumb Lake Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.