Dollar General
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

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PROPERTY ADDRESS

16330 E 9 Mile Rd., Eastpointe, MI 48021

PROPERTY INFORMATION

Price:
$1,649,484
Cap Rate:
6.40%
Term Remaining:
15 Years
Year Built:
2018
Status:
Pending

INVESTMENT HIGHLIGHTS

  • Brand New Absolute NNN Lease
  • Zero Landlord Responsibilities
  • 15 Year Term | Five (5 Year) Options
  • One Mile Household Income $43,738
  • Five Mile Population Exceeds 369,000
  • Only Investment Grade Dollar Store
  • 21,095 Cars Per Day on 9 Mile

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 7,489 SF Dollar General store located in Eastpointe, MI. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Five (5) Yr. 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 rent is anticipated to commence on 2/1/2018.

This Dollar General will be highly visible as it is strategically positioned on 9 Mile Rd, in Eastpointe, MI. The five mile population from the site exceeds 369,000, while
the one mile median household income exceeds $43,738 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 a brand new 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. List price reflects a 6.40% cap rate based on NOI of $105,567.