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Dollar General 7637 N Woodbridge Ave

9,413 SF Retail Building Brohman, MI 49312 £872,224 (£93/SF) 7.75% Net Initial Yield

Investment Highlights

  • 15 Year Absolute NNN Lease
  • 5 (5 Year) Options | 10% Increases At Each Option
  • Investment Grade Dollar Store With "BBB" Credit Rating
  • Zero Landlord Responsibilities
  • 5,154 Vehicles Per Day
  • On Main Thoroughfare

Executive Summary

Fortis Net Lease is pleased to present this 9,413 SF Dollar General store located in Brohman, MI. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease has remaining 5 (5 year) 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 has been open & operating successfully since October 2017. This Dollar General is highly visible as it is strategically positioned at the intersection of N Woodbridge Road and W Lincoln Street which sees 5,154 vehicles per day. The ten mile population from the site is 7,888 while the ten mile average household income $54,868 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 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.

Attachments

Dollar_General_-_Brohman__MI_-_Fortis_OM (7)

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,413 SF
Building Class
C
Year Built
2018
Price
£872,224
Price Per SF
£93
Net Initial Yield
7.75%
NOI
£67,598
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
2.00 AC
Zoning
Commercial

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
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PROPERTY TAXES

Parcel Number 06-13-100-034 Improvements Assessment £0
Land Assessment £0 Total Assessment £258,443

PROPERTY TAXES

Parcel Number
06-13-100-034
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£258,443
(248) 254-3406

Contacts

  • Listing ID: 30888604

  • Date on Market: 06/02/2024

  • Last Updated:

  • Address: 7637 N Woodbridge Ave, Brohman, MI 49312

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© 2024 CoStar Group

Dollar General | 7637 N Woodbridge Ave
(248) 254-3406 x

Dollar General | 7637 N Woodbridge Ave

1/2

Robert Bender

(248) 254-3406

(248) 254-3406

Doug Passon

(586) 945-9960

(586) 945-9960

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