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Dollar General

$1,128,000

32469 U.S. 12, Burr Oak, MI 49030

Active
Last Updated: 04/24/2025

7.5

Cap Rate

84,600

NOI

Details:
Cap Rate:    7.5%
NOI:    $84,600
Building Size:    9,100 sqft
Lot Area:    2.85 acres
Lease Type:    Absolute Net
Year Built:    2020
Tenancy:    Single
Parking Spots:    30
Highlights:
  • 10+ years remaining in the base term and five, 5-year extension options featuring 10% rental increases
  • Excellent intrinsics – large lot size (2.85 AC) & low rent ($9.30/FT)
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • The lease is backed by a corporate guaranty from Dollar General – #108 on the Fortune 500 list of companies
  • Dollar General generated $40.6 billion in FY 2024 sales, a 5% increase from the previous year
Description:

A corporate absolute NNN Dollar General with over 10 years remaining in the primary term and five, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with 20,500+ stores nationwide.

Map:
Documents:
Title
DollarGeneral_BurrOakMI.pdf
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Location
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