Property Details

Dollar General

Flint, MI
Property ID: 14079

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%

Offering Memorandum

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Contact

Christopher E. Maling
Principal - Retail Capital Markets
213.618.3824
David Maling
Principal
213.618.3825

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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

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Location

1510 E Carpenter Road
Flint, MI

Leigh ClineDollar General