7637 N Woodbridge Ave - Convenience Store FOR SALE


Brohman, MI 49312
$1,114,735 USD
248-254-3406
7637 N Woodbridge Ave, Brohman, MI for Sale
$1,114,735 USD
Convenience Store - FOR SALE
1/6
null | 7.75% Cap Rate

7637 N Woodbridge Ave
Brohman, MI 49312


HIGHLIGHTS

  • 15 Year Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 5 (5 Year) Options | 10% Increases At Each Option
  • 5,154 Vehicles Per Day
  • Investment Grade Dollar Store With "BBB" Credit Rating
  • On Main Thoroughfare

OVERVIEW

Fortis Net Lease is pleased to present this 9,413 SF Dollar General store located in Brohman, MI. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease has remaining 5 (5 year) options to renew, each with a 10% rental rate increase. 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 been open & operating successfully since October 2017. This Dollar General is highly visible as it is strategically positioned at the intersection of N Woodbridge Road and W Lincoln Street which sees 5,154 vehicles per day. The ten mile population from the site is 7,888 while the ten mile average household income $54,868 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 dollar store.

FOR SALE DETAILS

PRICE

$1,114,735 USD

PRICE/SF

$118 USD /SF

CAP RATE

7.75%

% 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

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Commercial

APN/PARCEL ID

06-13-100-034

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

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