266 E Main St - Freestanding FOR SALE


Walkerville, MI 49459
$1,345,477 USD
214-692-2289
266 E Main St, Walkerville, MI for Sale
$1,345,477 USD
Freestanding - FOR SALE
1/4
null | 7.05% Cap Rate

266 E Main St
Walkerville, MI 49459


HIGHLIGHTS

  • Absolute NNN lease w/ zero management responsibilities
  • Five, 5-Year renewal options, all of which include an attractive 10% rental increase
  • Corporately guaranteed lease from Dollar General Corporation

OVERVIEW

Brand new 2020 build-to-suit construction for Dollar General Dollar General PLUS concept (larger 10,660 SF building) DG PLUS concepts confirm that the tenant is projecting above average sales volume for this location ±13 years remaining on an initial 15-Year lease On main thoroughfare situated near the local schools Dollar General boasts an investment grade credit rating of BBB (S&P). Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future. Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.

FOR SALE DETAILS

PRICE

$1,345,477 USD

PRICE/SF

$126 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CM

APN/PARCEL ID

047-500-051-00

ASK ABOUT THIS PROPERTY

Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.