BRAND NEW CONSTRUCTION STORE • Brand new 9,026 SF Build-to-Suit Dollar General in St. Clair, MI. • This store is scheduled for delivery February 2019.
AFFLUENT DEMOGRAPHICS • The 5-mile average household income is $79,762, which is superior to typical Dollar General locations.
ST. CLAIR • St. Clair sits 40 miles North of Detroit (673,104 pop.) and few miles South of Port Huron (29,231 pop.) and Sarnia (74,588 pop.) on the U.S./Canada Border. • Well located 1.6 mi. from I-94 (29,604 VPD), which leads to the Blue Water Bridge (4.6M VPY) 15 mi. away. • The Blue Water Bridge is an international border crossing from the U.S. to Canada that brings $200M+ in Canadian spending annually to St. Clair County. • Home to the St. Clair County Intl. Airport, which has a $55M impact on the county. 290 corporate and freight companies fly in and out per year.
LONG TERM CORPORATE NNN LEASE • The subject property has a brand new 15-year corporate guaranteed lease with Dollar General. • Tenant is 100% responsible for all expenses, which include taxes, CAM, insurance, roof and structure. • There are 10% increases in each of the five, 5-year option periods.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NSYE: DG) Fortune 500 Company and currently holds an investment grade rating of BBB with S&P. • There are currently over 15,000 locations in 45 states and 900 new locations expected to be opened this year. • Dollar general has been in business for 79 years and has a net worth of over $6.1B.