241 Maple St
Muir, MI 48860
New Dollar General | Abs NNN | Muir, MI · Retail Property For Sale
PROPERTY FACTS
ABOUT 241 MAPLE ST , MUIR, MI 48860
Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store located in Muir, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB , which is classified as Investment Grade. The store is under construction with rent scheduled to commence on 5/31/2017. This Dollar General is highly visible and it is strategically positioned on West Maple, in Muir, MI. The ten mile population from the site exceeds 36,500 while the three mile median household income exceeds $46,500 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 6.65% cap rate based on NOI of $86,944.
PROPERTY TAXES
| Parcel Number | 082-050-000-998-01 | Improvements Assessment | $272,000 |
| Land Assessment | $21,300 | Total Assessment | $293,300 |
