Details

Portfolio of 2 Dollar General Assets

283 8 Mile Rd, Union City, MI

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hIGHLIGHTS

Size:9,100 SF

Price:$3,335,537.00

CAP RATE:5.40%

NOI:$183,680.00

PROPERTY
OVERVIEw

DETAILS

Investment Summary:
​​• Combined Price: $3,335,537
• ​Combined NOI: $183,680
• ​Loan-to-Value: 56%

283 8 Mile Rd, Union City, MI:
• ​Price: $1,634,815
• ​NOI: $88,287
​• Cap Rate: 5.4%
• ​Size: ​9,100 SF building
• ​Lot: ​±1.0 Acre
​• Year Built: 2019
​• Lease Structure: NNN
• ​Lease Commencement Date: 8/1/2019
• ​Lease Expiration Date: 7/31/2034
• ​Renewal Options: 5 successive periods of 5 years
​• Corporate Guarantee: Dollar General Corporation
​• Landlord Responsibilities: None​

205 S Steer St, Addison, MI:
• ​Price: $1,700,740
• ​NOI: $91,839
• ​Cap Rate: 5.4%
• ​Size: 9,100 SF building
• ​Lot: ​±1.15 Acres
• ​Year Built: 2019
• ​Lease Structure: NNN
• ​Lease Commencement Date: 3/5/2020
​• Lease Expiration Date: 3/5/2035
• ​Renewal Options: 5 successive periods of 5 years
• ​Corporate Guarantee: Dollar General Corporation
• ​Landlord Responsibilities: None

InCommercial Property Group is pleased to offer the opportunity to acquire a Dollar General property portfolio.​ The portfolio includes two properties located in Addison, MI and Union City, MI.​ Both NNN properties are cross-collateralized with CMBS financing.​ The portfolio is being offered at $3,335,556 (combined price), $183,680 (combined NOI), with a 56% Loan-to-Vaue.​ The 2-Unit portfolio and must be sold together. Contact agent for more details.

Location

Contact

Russ Kimzey

Vice President, Brokerage

(469) 964-3047

rkimzey@incommercialre.com

Brian Brockman

Bang Realty (License #701472)

(312) 243-0100

info@incommercialre.com