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Dollar General | New 15-Yr Corp NNN New Const 8200 Grand Ledge hwy 10,640 SF Retail Building Sunfield, MI 48890 $1,896,098 CAD ($178.20 CAD/SF) 6.40% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
- Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
- Located Along Grand Ledge Hwy | Lansing MSA | Limited Competition | Brand New Construction
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, newly-built, corporate guaranteed, Dollar General investment property located in Sunfield, MI (Lansing MSA). The tenant, Dolgencorp, LLC, recently signed a brand new 15-year lease with 5 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (NYSE: DG | S&P: BBB), and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store with over 19,000 stores in operation. The building, which is slated to open in July 2023, will feature a state-of-the-art design using the highest quality materials available.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Building Class
B
Year Built
2023
Price
$1,896,098 CAD
Price Per SF
$178.20 CAD
Cap Rate
6.40%
NOI
$121,350 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.78 AC
Zoning
C-2 - General Business
Amenities
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 011-003-400-003-03 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $936,875 CAD |
Property Taxes
Parcel Number
011-003-400-003-03
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$936,875 CAD
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Dollar General | New 15-Yr Corp NNN New Const | 8200 Grand Ledge hwy
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