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1260 N Main St 9 100 pi² Commerce de détail Immeuble
À PROPOS DE 1260 N MAIN ST , ADRIAN , MI 49221
| Prix | Pas individuellement en vente | Classe d’immeuble | A |
| Taille du bâtiment | 9 100 pi² | Taille du lot | 2,30 AC |
| Type de propriété | Commerce de détail | Location | Unique |
| Sous-type de propriété | Immeuble de commerce |
| Prix | Pas individuellement en vente |
| Taille du bâtiment | 9 100 pi² |
| Type de propriété | Commerce de détail |
| Sous-type de propriété | Immeuble de commerce |
| Classe d’immeuble | A |
| Taille du lot | 2,30 AC |
| Location | Unique |
RÉSUMÉ DE L'ANNONCE
Description
Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store, located in Adrian, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5) Yr. options to renew, each with a 10% rental rate increase. The parking lot is poured in concrete. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB- , and is classifed Investment Grade.
This Dollar General is strategically positioned on Main St, a main retail thoroughfare in Adrian, MI. The population within a five mile radius from the Dollar General location is greater than 38,500, with the average household income within a one mile radius being $41,202. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a newer Dollar General. This investment will offer the new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 6.50% cap rate based on NOI of $94,590.36
Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store, located in Adrian, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains four (5) Yr. options to renew, each with a 10% rental rate increase. The parking lot is poured in concrete. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB- , and is classifed Investment Grade.
This Dollar General is strategically positioned on Main St, a main retail thoroughfare in Adrian, MI. The population within a five mile radius from the Dollar General location is greater than 38,500, with the average household income within a one mile radius being $41,202. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a newer Dollar General. This investment will offer the new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 6.50% cap rate based on NOI of $94,590.36
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