530 S Riverview Dr - Freestanding FOR SALE


Parchment, MI 49004
$1,228,235 USD
332-345-4222
530 S Riverview Dr, Parchment, MI for Sale
$1,228,235 USD
Freestanding - FOR SALE
1/2
null | 8.5% Cap Rate

530 S Riverview Dr
Parchment, MI 49004


HIGHLIGHTS

  • Original 15-Year Absolute NNN Lease
  • Strong Corporate Guarantee
  • Attractive Annual Rental Increases
  • Robust Traffic Counts

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Dollar General located at 530 South Riverview Drive, Parchment, MI 49004. The site consists of roughly 9,578 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Dollar General is subject to a 15-year Triple Net (NNN) lease, which commenced 6/14/2014. The current annual rent is $104,400 and has scheduled increases in options.

FOR SALE DETAILS

PRICE

$1,228,235 USD

PRICE/SF

$128 USD /SF

CAP RATE

8.5%

% 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

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

R-A RES

APN/PARCEL ID

06-03-450-010

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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