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2956 20 Mile Rd
Barryton, MI 49305
Dollar General | Abs NNN | Barryton, MI · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Property Manager on Site
- Signage
- Wheelchair Accessible
- Accent Lighting
- Storage Space
ABOUT 2956 20 MILE RD , BARRYTON, MI 49305
Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store located in Barryton, 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 open with rent having commenced on 2/26/2017. This Dollar General is highly visible and is strategically positioned on 20 Mile rd, in Barryton, MI. The ten mile population from the site exceeds 11,500 while the three mile median household income exceeds $38,500 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 $84,648.
