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Dollar General 11920 M-60 9,026 SF Retail Building Jones, MI 49061 $1,083,613 ($120.05/SF) 7.75% Cap Rate
Investment Highlights
- Strategic Regional Location: Situated at the signalized intersection of M-60 and M-40.
- Proximity to Demand Drivers: Located within five miles of Swiss Valley Ski & Snowboard Area, and M-40 Speedway.
- Investment-Grade Credit: Dollar General holds a BBB credit rating from S&P, indicating strong financial stability.
- Attractive Yield: Offers a 7.75% return supported by a stabilized tenant with investment-grade credit.
- Limited Competitive Presence: Nearest national dollar-store competitor is more than six miles away, reinforcing Dollar General’s strong position.
Executive Summary
Matt Fitzgerald
License # 6505432273, 6502432668 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6505432273, 6502432668 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2018
Price
$1,083,613
Price Per SF
$120.05
Cap Rate
7.75%
NOI
$83,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.55 AC
Frontage
304’ on M-60
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 14-080-150-085-42 | Improvements Assessment | $411,000 |
| Land Assessment | $22,200 | Total Assessment | $433,200 |
Property Taxes
Parcel Number
14-080-150-085-42
Land Assessment
$22,200
Improvements Assessment
$411,000
Total Assessment
$433,200
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Dollar General | 11920 M-60
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