9060 Telegraph Rd | Newport, MI 48166
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- LoopNet Team
9060 Telegraph Rd
Newport, MI 48166
DOLLAR GENERAL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Lease Extension – Dollar General has shown their commitment to this location by extending the primary lease term to 2033.
- Large Lot – Subject property offers investors nearly 2 acres of land.
- Dollar General has an investment-grade credit rating of BBB (S&P) and has reported 31 consecutive years of same-store sales growth.
- The property is located along 3 major highways between Detroit and Toledo, providing a strategic location for increased traffic.
- Reliable Business Model – Dollar General has approximately 19,600 locations and plans to continue their expansion for the foreseeable future.
- Monroe, Michigan, just south of Newport, has dramatically risen to the 55th Best Performing Small City in the country by the Milken Institute
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,146 SF
Building Class
B
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.86 AC
Parking
43 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
240’ on Telegraph Rd
PROPERTY TAXES
| Parcel Number | 01-034-035-35 | Improvements Assessment | $560,600 |
| Land Assessment | $32,300 | Total Assessment | $592,900 |
PROPERTY TAXES
Parcel Number
01-034-035-35
Land Assessment
$32,300
Improvements Assessment
$560,600
Total Assessment
$592,900
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