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405 S Michigan Ave
Saginaw, MI 48602
Dollar General · Retail Property For Sale
Investment Highlights
- 9,632 SF Free-Standing Dollar General Situated on 0.77 Acres
- Double "NN" Net Lease | Minimal LL Responsibilities
- Property Renovated to Dollar General’s Specifications in 2012 & 2021
- Proven Long-Term Operating History | Dollar General Has Successfully Occupied This Location Since 2011 Demonstrating Commitment To The Location
- Corporate Lease Guarantee from Dollar General (NYSE: DG) | Investment Grade Tenant | S&P Rating: BBB
- Strong Traffic Corridor | Located along S Michigan Ave w/ Traffic Counts Exceeding 16,000 VPD
Executive Summary
9,632 SF Free-Standing Dollar General Situated on 0.77 Acres
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,656 SF
Building Class
B
Year Built
1948
Price
$1,385,240 CAD
Price Per SF
$143.46 CAD
Cap Rate
7.80%
NOI
$108,111 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
RMU
Parking
54 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 91-70-0-19-0000-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $284,528 CAD |
Property Taxes
Parcel Number
91-70-0-19-0000-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$284,528 CAD
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