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Dollar General

$1,098,000

438 West Lincoln Avenue, Ionia, MI 48846

Active
Last Updated: 03/12/2025

8

Cap Rate

87,802

NOI

Details:
Cap Rate:    8%
NOI:    $87,802
Building Size:    9,735 sqft
Lot Area:    2.16 acres
Occupancy:    100%
Lease Type:    Double Net
Year Built:    1955
Tenancy:    Single
Year Last Renovated:    2010
Highlights:
  • #1 LOCATION IN MICHIGAN BY VISITS (PLACER.AI)
  • BUSIEST INTERSECTION IN IONIA | LIMITED COMPETITION
  • INVESTMENT GRADE TENANT | CORPORATE GUARANTY
  • 15-YEAR OPERATING HISTORY | RECENTLY RENEWED FOR 5 YEARS
Description:

Mid-America Real Estate Corporation has been retained by the owner to sell the fee simple interest in 438 West Lincoln Avenue, a Dollar General store in Ionia, Michigan. Dollar General is operating on a net lease with term through 2030 and has been operating at the site since 2010.

Map:
Documents:
Title
Dollar_General_OM_-_Ionia__MI.pdf
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Location
Gallery