8476 Holton Rd - Retail FOR SALE


Holton, MI 49425
$1,447,644 USD
734-755-6359
8476 Holton Rd, Holton, MI for Sale
$1,447,644 USD
Retail - FOR SALE
1/3
null | 6.75% Cap Rate

8476 Holton Rd
Holton, MI 49425


HIGHLIGHTS

  • The Only Dollar Store Serving the Community!
  • 5% Rent Increases Every 5 Years during the Primary Term!
  • Seeing 13,571 Cars Per Day | Concrete Parking Lot
  • 2024 BTS Plus Size Construction | Upgraded Facade
  • Ten Mile Population 30,778 & Growing
  • Corporate Guaranty!

OVERVIEW

Fortis Net Lease is pleased to present this new 10,640 SF. Dollar General Plus store located in Holton, 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 completed construction & successfully opened for business in January 2024. This Dollar General is highly visible as it is strategically positioned on Holton Road which sees 13,571 cars per day. It is the only dollar store serving the community! The 10 mile population from the site is 30,778 while the 3 mile average household income is $72,613 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 6.75% cap rate based on NOI of $97,716.

FOR SALE DETAILS

PRICE

$1,447,644 USD

PRICE/SF

$136 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

C-1

APN/PARCEL ID

05-027-200-0018-00

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.