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Dollar General 530 S Riverview Dr 9,578 SF Retail Building Parchment, MI 49004 $1,228,235 ($128.24/SF) 8.50% Cap Rate
Investment Highlights
- Original 15-Year Absolute NNN Lease
- Attractive Annual Rental Increases
- Strong Corporate Guarantee
- Robust Traffic Counts
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Dollar General located at 530 South Riverview Drive, Parchment, MI 49004. The site consists of roughly 9,578 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 6/14/2014. The current annual rent is $104,400 and has scheduled increases in options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,578 SF
Building Class
B
Year Built
2014
Price
$1,228,235
Price Per SF
$128.24
Cap Rate
8.50%
NOI
$104,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.11 AC
Zoning
R-A RES - Low density residential.
Frontage
202’ on South Riverview Drive
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-03-450-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $497,400 |
Property Taxes
Parcel Number
06-03-450-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$497,400
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Dollar General | 530 S Riverview Dr
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