NEW UPGRADED CONSTRUCTION DOLLAR GENERAL • Brand New Build to Suit Dollar General located in Mt. Morris, MI. • This store is 9,026 SF prototype with upgraded construction that is delivering in August 2021.
WELL LOCATED NEAR TWO INTERSTATES (91,964 VPD) • This Dollar General sits approximately two miles between I-75 (73,523 VPD) and I-475 (18,441 VPD). • Nearby national retailers include Kroger, McDonald’s, Advance Auto Parts, Taco Bell, O’Reilly & More. • Detroit and Lansing are located only 1 hour away.
5-MILE POPULATION 62,785 • The 5-mile population for this store is 62,785, which is superior to most Dollar Generals.
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 17,400+ locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.