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3236 E Holland Rd 9,026 SF Retail Building Saginaw, MI 48601 $1,471,750 ($163.06/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN - No LL Responsibilities
- 5 year renewal options w 10% Increases
- 11,500 CPD passing the site
- 9.5 Years remaining on initial term of lease
- Prime Location among multiple national retailers
- Building built in 2020 as part of DG Expansion Plan
Executive Summary
Dollar General store with Absolute NNN lease. 9.5 years remaining with (5) 5yr renewal options with 10% increases each in the future. This site was built brand new in 2020 as part of DG’s strategic expansion. Prime location amongst multiple national retailers with several national fast food chains adjacent to the site drawing customers to the site every day. This site has ideal traffic counts and demographics for a successful long-term Dollar General site.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2020
Price
$1,471,750
Price Per SF
$163.06
Cap Rate
6%
NOI
$88,305
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.18 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
15 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
114’ on Holland Rd
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10125294006001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $452,600 |
Property Taxes
Parcel Number
10125294006001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$452,600
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3236 E Holland Rd
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