106 E Lapeer St - Freestanding FOR SALE
Peck, MI 48466 |
$1,160,000 USD
888-993-5344
106 E Lapeer St
Peck, MI 48466
HIGHLIGHTS
- Dollar General Corporate Guaranty; S&P Investment Grade Credit “BBB”; Absolute Triple Net Lease; Zero Landlord Responsibilities
- 2018 Construction; Original 15 Year Lease; 7.5 Years Remaining on Primary Term
- 5 Option Periods with 10% Rent Increases in Each Option
- FedEx Onsite Inside the Dollar General; Only Major Private Courier Service in the Immediate Area
- Positioned Directly Infront of Peck Community Elementary School; 320+ Students in the District; 83.58% Home Ownership within 5 Miles
- Limited Competition; Only Dollar Store within a 10 Mile Radius
FOR SALE DETAILS
PRICE
$1,160,000 USD
PRICE/SF
$127 USD /SF
CAP RATE
7.54%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Abs. NNN Dollar General | Peck, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
0.71 AC
LAND SF
30,928 SF
ZONING
-
APN/PARCEL ID
071-034-200-147-00
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888-993-5344
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888-993-5344
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