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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
– 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
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 began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| 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
Presented by
Dollar General | Resort Town | 1406 U.S. Rt 2
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