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Dollar General 530 S Riverview Dr 9,578 SF Retail Building Parchment, MI 49004 $1,714,518 CAD ($179.01 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Original 15-Year Absolute NNN Lease
- Attractive Annual Rental Increases
- Strong Corporate Guarantee
- Robust Traffic Counts
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 530 South Riverview Drive, Parchment, MI 49004. The site consists of roughly 9,578 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 6/14/2014. The current annual rent is $104,400 and has scheduled increases in options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,578 SF
Building Class
B
Year Built
2014
Price
$1,714,518 CAD
Price Per SF
$179.01 CAD
Cap Rate
8.50%
NOI
$145,734 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.11 AC
Zoning
R-A RES - Low density residential.
Frontage
202’ on South Riverview Drive
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-03-450-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $701,831 CAD |
PROPERTY TAXES
Parcel Number
06-03-450-010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$701,831 CAD
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Dollar General | 530 S Riverview Dr
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