32469 US 12 - Freestanding FOR SALE


Burr Oak, MI 49030
$1,128,000 USD
650-678-7200
32469 US 12, Burr Oak, MI for Sale
$1,128,000 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

32469 US 12
Burr Oak, MI 49030


HIGHLIGHTS

  • 10+ years remaining in the base term and five, 5-year extension options featuring 10% rental increases
  • Excellent intrinsics – large lot size (2.85 AC) & low rent ($9.30/FT)
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • The lease is backed by a corporate guaranty from Dollar General – #108 on the Fortune 500 list of companies
  • Dollar General generated $40.6 billion in FY 2024 sales, a 5% increase from the previous year

OVERVIEW

A corporate absolute NNN Dollar General with over 10 years remaining in the primary term and five, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with 20,500+ stores nationwide.

FOR SALE DETAILS

PRICE

$1,128,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

-

APN/PARCEL ID

001-035-005-02

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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