Dollar General | Lansing MSA

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1160 W. Lansing Rd
Morrice (Lansing MSA), MI

Price: $2,210,000

Cap: 6.75%

NOI: $149,110

Building Size: 12,480 SF

Lot Size: 2.91 AC

Investment Highlights

NEW 15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS

• This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.

• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.

• The store opened and rent commenced in March 2024.

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET

• The subject property is a 12,480 SF upgraded construction Dollar General Market.

• DG Market is a combo store with fresh produce, milk, meats and other groceries added to Dollar General’s usual mix of low-price general merchandise.

INTERSTATE LOCATION (27,834 VPD)

• This Dollar General is located directly off Interstate 69 (27,834 VPD) on W Lansing Rd (5,509 VPD)

LANSING MSA | CAPITAL OF MICHIGAN

• This Dollar General is located 25 minutes northeast of downtown Lansing and is a part of the MSA

• Lansing is the capital of Michigan and has a population of 114,296, the fifth largest in the State

• Michigan State University is in Lansing and has the largest land campus in the U.S. with an

• Enrollment of nearly 50,000 students.

• The Lansing metropolitan area’s major industries are government, education, insurance, healthcare, and automobile manufacturing

• The Lansing area is headquarters to four major national insurance companies: Auto-Owners Insurance Company, Jackson National Life, the Accident Fund, and Michigan Millers Insurance Company

• General Motors has offices and a hi-tech manufacturing facility in Lansing and several manufacturing facilities immediately outside the city

INVESTMENT GRADE TENANT (S&P: BBB)

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Currently over 20,000 locations and plans to open 800 stores in 2024.

• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion

Don McMinn

678-808-2762 | EMAIL >

Andrew Koriwchak

678-808-2816 | EMAIL >

OFFERING MEMORANDUM

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