Financial Summary
| Asking Price | $1,075,000 |
| Cap Rate | 8.20% |
| Net Operating Income (NOI) | Call for Details |
| Lease Type | NN |
| Lease Term Remaining | 9+ Years |
| Increases | 10% |
Highlights
- Existing building extensively remodeled to suit in 2019 with repairs, upgrades, and capital replacements
- Original 10-year lease
- Over 9 years remaining NN lease with minimal landlord responsibilities
- Corporate guarantor, Dollar General, net sales increased 8.3% to $27.8 billion from FY 2018 to FY 2019
- Ideal opportunity for a 1031 exchange buyer to attain the fee simple ownership of a Dollar General
- Large lot with ample parking
- Four 5-year options with 10% rent increases
Net Lease Advisor
For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.
Location
1510 E Carpenter Road
Flint, MI
