4347 F-41 Rt - Convenience Store FOR SALE


Oscoda, MI 48750
$1,994,388 USD
734-755-6359
4347 F-41 Rt, Oscoda, MI for Sale
$1,994,388 USD
Convenience Store - FOR SALE
1/4
null | 6.7% Cap Rate

4347 F-41 Rt
Oscoda, MI 48750


HIGHLIGHTS

  • Zero Landlord Responsibilities | Now Open
  • Popular Tourist Destination on Lake Huron.
  • 5% RENT INCREASES EVERY 5 YEARS!!
  • Less Than 1 Mile From Alpena Community College
  • 6,786 Cars Per Day | Traffic Signal Location
  • 2024 BTS Plus Size | Market Prototype

OVERVIEW

Fortis Net Lease is pleased to present this brand new 12,480 SF. Dollar General Plus store located in Oscoda, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction and successfully opened in January 2024. This Dollar General Plus is highly visible as it is strategically positioned off of F-41 which sees 6,786 cars per day. It is conveniently located less than 1 mile from Alpena Community College & the Oscoda -Wurtsmith Airport. The 10 mile population from the site is 11,166 while the 3 mile average household income is $49,878 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top small box discount retailer. List price reflects a 6.70% cap rate based on the initial NOI of $133,624.

FOR SALE DETAILS

PRICE

$1,994,388 USD

PRICE/SF

$160 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

C-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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