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Dollar General | Resort Town 1406 U.S. Rt 2 9,100 SF Retail Building Bessemer, MI 49911 $1,246,000 ($136.92/SF) 7.50% Cap Rate
Investment Highlights
- New Build in 2020 | 10.67 Years Remaining on Absolute NNN Lease - No Landlord Responsibilities | 10% Rental Increase at Each Option | 5, 5-Year Option
- Resort Town - Site is Near Black River Ski Resort, Snowriver Mountain Resort, Big Powderhorn Mountain, and Blackjack Ski Area
- Corporate Guarantee | Investment Grade Tenant | NYSE: DG | 20,500+ Locations in 48 States | BBB Rating by S&P
Executive Summary
New Build in 2020 | 10.67 Years Remaining on an Absolute NNN Lease
– No Landlord Responsibilities | 10% Rental Increases in Each Five 5-
Year Option | Metal Roof
Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500
Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P
Tenant Recently Completed an Interior Remodel, Showing
Commitment to Site
Resort Town Dollar General – Near Black River Ski Resort, Snowriver
Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area
Location Benefits from Year-Round Visitors to Nearby Recreational
Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park,
Black River Falls, and the Iron Belle Trail and Others
Property is Located Near Residential Areas and Local Area Retail
Establishments | Five Miles from Indianhead Valley Condos
Excellent Visibility from Highly Trafficked US Hwy 2, the Longest
Highway in the Upper Peninsula | Connects Ironwood and Wakefield,
MI
– No Landlord Responsibilities | 10% Rental Increases in Each Five 5-
Year Option | Metal Roof
Corporate Guarantee| Dollar General (NYSE: DG) Has Over 20,500
Locations in 48 States | Investment Grade Tenant | BBB Rating by S&P
Tenant Recently Completed an Interior Remodel, Showing
Commitment to Site
Resort Town Dollar General – Near Black River Ski Resort, Snowriver
Mountain Resort, Big Powderhorn Mountain and Blackjack Ski Area
Location Benefits from Year-Round Visitors to Nearby Recreational
Areas Such as Ottawa National Forest, Lake Superior, Bluff Valley Park,
Black River Falls, and the Iron Belle Trail and Others
Property is Located Near Residential Areas and Local Area Retail
Establishments | Five Miles from Indianhead Valley Condos
Excellent Visibility from Highly Trafficked US Hwy 2, the Longest
Highway in the Upper Peninsula | Connects Ironwood and Wakefield,
MI
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,246,000
Price Per SF
$136.92
Cap Rate
7.50%
NOI
$93,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.23 AC
Zoning
Commercial
Frontage
300’ on Lead St
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 51-15-007-400 | Improvements Assessment | $473,459 |
| Land Assessment | $13,242 | Total Assessment | $486,701 |
Property Taxes
Parcel Number
51-15-007-400
Land Assessment
$13,242
Improvements Assessment
$473,459
Total Assessment
$486,701
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Dollar General | Resort Town | 1406 U.S. Rt 2
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