Dollar General

Dollar General

3121 Sheridan Rd
Saginaw, MI

Price: $1,815,000
Cap: 5.50%
NOI: $99,800
Building Size: 10,640 SF
Lot Size: 1.20 AC

Investment Highlights

NEW CONSTRUCTION 10,640 SF DOLLAR GENERAL
• Brand new 10,640 SF Dollar General located in Saginaw, MI
• This store opened in February 2022.

WELL LOCATED NEAR TWO INTERSTATES (85,109 VPD)
• The subject property is 2.5 miles from Interstate 75 (60,238 VPD) and 4 miles from Interstate 675 (24,871 VPD).
• The main retail corridor in Saginaw is only 5 miles from this Dollar General. National retailers include Hobby Lobby, Target, Meijer, the Home Depot, and many more.
• This Dollar General is strategically located in a dense residential pocket with 89,803 people in a 5-mile radius.

SAGINAW
• The Saginaw MSA has a population of 196,542 and is the county seat of Saginaw County
• Home to multiple Colleges and Universities including Delta College (13,775 Students) , Saginaw Valley State University (9,766 Students) and more.
• Saginaw’s economy is supported by innovation, clean energy, and continued manufacturing exports.

NEW 15 YEAR CORPORATE NNN LEASE
• Brand new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.
• There are 10% rent increases in each of the five, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 18,000 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn
OFFERING MEMORANDUM

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