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705 S Main St
Crystal, MI 48818
Retail Property For Sale
Investment Highlights
- 2021 build-to-suit construction for Dollar General
- Dollar General modified this lease 2.5-years into the base term to a new 15-year term and included rental increases a strong sign of their commitment
- Zero landlord management responsibilities
- 13.25-Years remaining on a 15-year absolute NNN lease (commencement of May 2021)
- 5% rental increases every 5-years for the life of the lease
- Average household income of $77,462 (considered to be Dollar General’s “sweet-spot”)
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,235 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Parking
13 Spaces (1.41 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 005-900-146-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $341,900 |
Property Taxes
Parcel Number
005-900-146-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$341,900
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