5866 M 65 - Retail FOR SALE


Hale, MI 48739
$2,075,188 USD
734-755-6359
5866 M 65, Hale, MI for Sale
$2,075,188 USD
Retail - FOR SALE
1/4
null | 6.65% Cap Rate

5866 M 65
Hale, MI 48739


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • 5% RENT INCREASES EVERY 5 YEARS!!
  • 2025 BTS Plus Size Construction
  • Five Mile Population Growth Rate 6.26%

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,640 SF. Dollar General Plus store located in Hale, 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 is currently under construction with rent & store opening on track for February 2025. This Dollar General plus is highly visible as it is strategically positioned off of M-65 which sees 2,864 cars per day. The 10 mile population from the site is 7,981 while the 3 mile average household income is $43,635 per year, making this location ideal for a Dollar General. This area is seeing excellent growth with the 5 mile population growth rate at 6.26%. 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 6.65% cap rate based on the initial NOI of $138,000.

FOR SALE DETAILS

PRICE

$2,075,188 USD

PRICE/SF

$195 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Plus with Bumps

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

-

APN/PARCEL ID

07202620002450

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.