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Dollar General 980 University Dr 13,575 SF Retail Building Pontiac, MI 48342 $1,047,010 ($77.13/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Double Net Lease | Minimal Landlord Responsibilities | Corporate Guarantee | S&P Credit Rating "BBB"
- Priced Below Replacement Costs | Attractive Low Rent ($6.94/SF)
- Excellent Visibility Off University Dr With 22,000 VPD
- Retrofit For Dollar General In 2010 With Upgraded Brick Construction | New Roof In 2023 With 15-Year Warranty
- 10% Rent Increases at the Beginning of Each Option Period
- Dense Infill Location with 157,850 People within 5 Miles of Subject Property
EXECUTIVE SUMMARY
Double Net Lease | Minimal Landlord Responsibilities | Corporate Guarantee | S&P Credit Rating "BBB"
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,575 SF
Building Class
C
Year Built
1968
Price
$1,047,010
Price Per SF
$77.13
Cap Rate
9%
NOI
$94,230
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.29 AC
Opportunity Zone
Yes
Zoning
C-3, Pontiac City - Corridor Commercial Mixed Use District
Parking
82 Spaces (6.04 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $344,860 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$344,860
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Dollar General | 980 University Dr
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