Details

Value Add NN Dollar General Property

126A N Broad St, Harrison, MI

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hIGHLIGHTS

Size:16,934 SF

Price:$1,188,000.00

CAP RATE:7.00%

NOI:$83,160.00

PROPERTY
OVERVIEw

DETAILS

• Building constructed in 2003
• Tenant expanded premises in 2008 by ±3,300 SF
• Lease commencement date 4/1/2003
• Lease expiration date 1/31/2025
• Lease was recently extended for 5 years
• Rent escalation in 2022
• Renewal options: two 5-year options
• Landlord responsibilities: structure and parking lot
• Opportunity to add value through leasing the vacant space

InCommercial Property Group is pleased to exclusively market for sale a Dollar General property, located in Harrison, Michigan at the northeast intersection of Broad St and Main St. The 16,934 SF 2-tenant freestanding building, anchored by Dollar General, is being offered for $1,188,000 at a 7% cap rate and is an excellent opportunity to add value through leasing the 5,000 SF vacant space. The site in located in the heart of Harrison, along the main retail corridor. The property offers great visibility and access from Main and Beech Streets, pylon signage, and plenty of surface parking. Dollar General’s current lease has a NN structure and runs through Jan. 2025. Dollar General is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: DG) with a market capitalization in excess of $39 billion.

Location

Contact

Michael Mintz

Vice President, Brokerage

(847) 648-1717

MMintz@InCommercialRE.com