Dollar General

Dollar General

8068 N. Clio Road
Mt. Morris, MI

Price: $1,912,000
Cap: 5.00%
NOI: $95,582
Building Size: 9,026 SF
Lot Size: 1.77 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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