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Dollar General 405 S Michigan Ave 9,656 SF Retail Building Saginaw, MI 48602 $1,000,000 ($103.56/SF) 7.80% Cap Rate
Investment Highlights
- 9,632 SF Free-Standing Dollar General Situated on 0.77 Acres
- Double "NN" Net Lease | Minimal LL Responsibilities
- Property Renovated to Dollar General’s Specifications in 2012 & 2021
- Proven Long-Term Operating History | Dollar General Has Successfully Occupied This Location Since 2011 Demonstrating Commitment To The Location
- Corporate Lease Guarantee from Dollar General (NYSE: DG) | Investment Grade Tenant | S&P Rating: BBB
- Strong Traffic Corridor | Located along S Michigan Ave w/ Traffic Counts Exceeding 16,000 VPD
Executive Summary
9,632 SF Free-Standing Dollar General Situated on 0.77 Acres
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,656 SF
Building Class
B
Year Built
1948
Price
$1,000,000
Price Per SF
$103.56
Cap Rate
7.80%
NOI
$78,045
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
RMU
Parking
54 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Moderately drivable
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 91-70-0-19-0000-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $205,400 |
Property Taxes
Parcel Number
91-70-0-19-0000-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$205,400
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Dollar General | 405 S Michigan Ave
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