BRAND NEW CONSTRUCTION STORE • Brand New 9,026 SF Build to Suit Dollar General in Columbiaville, MI. • This store has upgraded construction and is scheduled for delivery December 2018.
ATTRACTIVE DEMOGRAPHICS • The 5-Mile average household income is $67,499 which is superior from typical Dollar General locations.
FLINT MSA • Flint is the county seat of Genesee County and the fifth-most populous county in Michigan. The MSA has a population of 407,385. • General Motors is the top employer in Genesee County representing 7,500 manufacturing jobs. Opened in 1947, the Flint Assembly plant is home to some of GM’s most iconic vehicles, with over 13 million cars and trucks produced at the plant. • Genessee County is located in the midst of the I-69 International Trade Corridor, a major distribution route with interstate access to Detroit, Chicago, and Canada-to-Mexico connections. • Other major employers in Genesee County include Genesys Regional Medical Center (3,500 employees), McLaren Regional Medical Center (2,785 Employees) and the University of Michigan-Flint (1,098 Employees) which serves 7,836 students.
LONG TERM CORPORATE NNN LEASE • The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. • The Tenant is 100% responsible for all expenses, including taxes, CAM, Insurance, roof and structure. • There are 10-percent 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 and currently holds an investment grade credit rating of BBB with S&P. • There are currently over 15,000 locations in 45 states and is opening 900 locations this year. • Dollar General has been in business for 79 years and has a net worth of over $6.1 B.