Dollar General 20260 Gratiot Rd 13,895 SF Retail Building Merrill, MI 48637 $605,000 ($43.54/SF) 8.29% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee from Dollar General.
- Recently Exercised 5-Year Option, with Increase.
- Investment Grade Tenant – S&P BBB Rating.
EXECUTIVE SUMMARY
• 13,895 SF NNN Lease Single Tenant
• Corporate Guarantee from Dollar General
• Investment Grade Tenant – S&P BBB Rating
• Recently Exercised 5-Year Option, with Increase
• Low Rent per Square Foot - $3.61/SF
• Long Term Occupancy – 20+ Years
• Two 5-Year Options Remaining
• Only Dollar Store in Town
• Corporate Guarantee from Dollar General
• Investment Grade Tenant – S&P BBB Rating
• Recently Exercised 5-Year Option, with Increase
• Low Rent per Square Foot - $3.61/SF
• Long Term Occupancy – 20+ Years
• Two 5-Year Options Remaining
• Only Dollar Store in Town
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
13,895 SF
Building Class
C
Year Built/Renovated
1976/2004
Price
$605,000
Price Per SF
$43.54
Cap Rate
8.29%
NOI
$50,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.20 AC
PROPERTY TAXES
| Parcel Number | 17121264009001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $231,300 |
