Dollar General
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
6233 E 36th St., White Cloud, MI 49349
PROPERTY INFORMATION
Price:
$1,399,188
Cap Rate:
6.65%
Term Remaining:
15 Years
Status:
Closed
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in
White Cloud, 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 commenced on 7/27/2016.