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1260 N Main St Local commercial | 845 m²
À PROPOS 1260 N MAIN ST , ADRIAN , MI 49221
| Prix | Pas individuellement en vente | Classe d’immeuble | A |
| Surface de l’immeuble | 845 m² | Surface du lot | 0,93 ha |
| Type de bien | Local commercial | Occupation | Mono |
| Sous-type de bien | Immeuble de commerce |
| Prix | Pas individuellement en vente |
| Surface de l’immeuble | 845 m² |
| Type de bien | Local commercial |
| Sous-type de bien | Immeuble de commerce |
| Classe d’immeuble | A |
| Surface du lot | 0,93 ha |
| Occupation | Mono |
RÉSUMÉ ANALYTIQUE
Description
Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store, located in Adrian, 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 parking lot is poured in concrete. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB- , and is classifed Investment Grade.
This Dollar General is strategically positioned on Main St, a main retail thoroughfare in Adrian, MI. The population within a five mile radius from the Dollar General location is greater than 38,500, with the average household income within a one mile radius being $41,202. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a newer Dollar General. This investment will offer the 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 6.50% cap rate based on NOI of $94,590.36
Fortis Net Lease is pleased to present this brand new 9,100 SF Dollar General store, located in Adrian, 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 parking lot is poured in concrete. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB- , and is classifed Investment Grade.
This Dollar General is strategically positioned on Main St, a main retail thoroughfare in Adrian, MI. The population within a five mile radius from the Dollar General location is greater than 38,500, with the average household income within a one mile radius being $41,202. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a newer Dollar General. This investment will offer the 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 6.50% cap rate based on NOI of $94,590.36
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