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2257 Sunnyside Dr 9,100 SF Retail Building Cadillac, MI 49601 $1,338,571 ($147.10/SF) 7% Cap Rate
Investment Highlights
- 10% rent increases providing built-in income growth
- Approximately 9,100 SF of gross leasable area
- Single-tenant Dollar General net lease investment
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Dollar General located at 2257 Sunnyside Drive in Cadillac, Michigan. The property
is leased to Dollar General Corporation, a BBB credit-rated tenant, providing investors with secure, long-term income backed by a nationally recognized retailer.
The freestanding retail building was constructed in 2019 and consists of approximately 9,100 square feet of gross leasable area. The lease commenced on June 3, 2019,
and expires on June 30, 2034, offering approximately 8+ years of remaining primary term. The lease features 10 percent rent increases and includes four (4), five-year
renewal options, providing strong income growth and long-term residual value.
Dollar General operates more than 19,000 locations nationwide and focuses on necessity-based retail serving value-oriented consumers, particularly in rural and
secondary markets. The subject property benefits from modern construction, minimal capital expenditure risk, and a long-term lease structure well suited for passive
investors seeking predictable cash flow and inflation protection.
This offering represents the opportunity to acquire a newer-construction, credit-tenant net lease asset with long-term lease security in a stable Midwestern market
is leased to Dollar General Corporation, a BBB credit-rated tenant, providing investors with secure, long-term income backed by a nationally recognized retailer.
The freestanding retail building was constructed in 2019 and consists of approximately 9,100 square feet of gross leasable area. The lease commenced on June 3, 2019,
and expires on June 30, 2034, offering approximately 8+ years of remaining primary term. The lease features 10 percent rent increases and includes four (4), five-year
renewal options, providing strong income growth and long-term residual value.
Dollar General operates more than 19,000 locations nationwide and focuses on necessity-based retail serving value-oriented consumers, particularly in rural and
secondary markets. The subject property benefits from modern construction, minimal capital expenditure risk, and a long-term lease structure well suited for passive
investors seeking predictable cash flow and inflation protection.
This offering represents the opportunity to acquire a newer-construction, credit-tenant net lease asset with long-term lease security in a stable Midwestern market
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2019
Price
$1,338,571
Price Per SF
$147.10
Cap Rate
7%
NOI
$93,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
C-1 - Commercial
Parking
20 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
149’ on Sunnyside Dr
Property Taxes
| Parcel Number | 2109-07-2401 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $547,200 |
Property Taxes
Parcel Number
2109-07-2401
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$547,200
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2257 Sunnyside Dr
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