4148 Polk Rd - Storefront FOR SALE


Hart, MI 49420
$2,083,916 USD
248-415-2636
4148 Polk Rd, Hart, MI for Sale
$2,083,916 USD
Storefront - FOR SALE
1/6
null | 7.15% Cap Rate

4148 Polk Rd
Hart, MI 49420


HIGHLIGHTS

  • New Construction Dollar Tree | 2024 Build-To-Suit
  • "Dollar Tree Stores, Inc." Lease Entity | Publicly Traded (NYSE: DLTR / S&P: BBB)
  • 10-Year Initial Double-Net Lease Term with (5) 5-Year Options | $0.50/SF Rent Increases in Each Option
  • High Visibility on W Polk Road (8,636 VPD) | Immediate Access to US-31 (10,286 VPD)
  • Positioned Next to Newer Construction AutoZone (YB: 2020) & Adjacent to Tractor Supply & Hotels
  • 7 Miles from Silver Lake State Park | World Famous Sand Dunes & Tourist Attraction

OVERVIEW

ADDITIONAL INVESTMENT OPPORTUNITIES AVAILABLE / PORTFOLIO OR INDIVIDUAL SALE OPTIONS * See Offering Memorandum Or Contact Listing Broker For More Details. Marcus & Millichap is pleased to present the newly constructed, corporate Dollar Tree located at 4148 W Polk Road in Hart, Michigan. Dollar Tree (Standard & Poor’s BBB STABLE) has an initial 10-year lease with five five-year options to renew. Each option will contain a $0.50 per square-foot rent increase. Dollar Tree is subject to a corporately guaranteed double-net lease with limited landlord responsibilities. Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, the company is headquartered in Chesapeake, Virginia and operates nearly 16,500 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. In June 2015, Dollar Tree acquired Family Dollar Stores, Inc. and its’ more than 8,200 stores, which made Dollar Tree Inc, the leading operator of discount variety retail stores. The subject property is well-positioned on W Polk Road (8,636 VPD) with immediate access to US-31 (10,286 VPD). A recently constructed AutoZone (2020) sits next to the asset, as well as Big Hart Brewing Company. Adjacent to the property is a Tractor Supply, McDonald’s, Marathon gas station, and two hotels. There are 25,110 residents with an average household income exceeding $76,000 within a 15-mile radius of the asset. Hart, Michigan is located in Oceana County, and is known for its rich agricultural heritage, scenic beauty, and vibrant community. Nestled in the western part of the state, Hart is a gateway to some of Michigan’s most breathtaking natural attractions, including the famous Silver Lake Sand Dunes and several picturesque lakefront towns. Hart’s small-town charm, combined with its proximity to both outdoor adventure and relaxed lakeside living, makes it an attractive destination for residents and tourists alike. This Dollar Tree provides an investor with a stabilized investment grade asset with limited landlord responsibilities.

FOR SALE DETAILS

PRICE

$2,083,916 USD

PRICE/SF

$208 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

B-2 General Business

APN/PARCEL ID

020-818-400-14

ASK ABOUT THIS PROPERTY

Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

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Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

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