Dollar General
$1,098,000
438 West Lincoln Avenue, Ionia, MI 48846
For Sale
Retail
Community Center
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.
Documents:
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Dollar_General_OM_-_Ionia__MI.pdf
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Location
Gallery
