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

11743 Bunkerhill Rd., Pleasant Lake, MI 49272

PROPERTY INFORMATION

Price:
$1,278,195
Cap Rate:
6.65%
Term Remaining:
15 Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • 15 Year Term | Four (5 Year) Options
  • Absolute NNN Lease
  • Three Mile Household Income $61,767
  • Ten Mile Population Exceeds 67,500
  • Zero Landlord Responsibilities
  • Only Investment Grade Dollar Store

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store located in Pleasant Lake, MI. The property is encumbered with a Fifteen (15) Year
Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (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 store is open with rent having commenced on 2/15/2017.

This Dollar General is highly visible and it is strategically positioned on Bunkerhill, in Pleasant Lake, MI. The ten mile population from the site exceeds 67,500 while the
three mile median household income exceeds $61,500 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 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 6.65% cap rate based on NOI of $85,000.