11920 M-60 - Freestanding FOR SALE
Jones, MI 49061 |
$1,083,613 USD
248-227-0817
11920 M-60
Jones, MI 49061
HIGHLIGHTS
- Strategic Regional Location: Situated at the signalized intersection of M-60 and M-40.
- Attractive Yield: Offers a 7.75% return supported by a stabilized tenant with investment-grade credit.
- Proximity to Demand Drivers: Located within five miles of Swiss Valley Ski & Snowboard Area, and M-40 Speedway.
- Limited Competitive Presence: Nearest national dollar-store competitor is more than six miles away, reinforcing Dollar General’s strong position.
- Investment-Grade Credit: Dollar General holds a BBB credit rating from S&P, indicating strong financial stability.
FOR SALE DETAILS
PRICE
$1,083,613 USD
PRICE/SF
$119 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.55 AC
LAND SF
67,518 SF
ZONING
-
APN/PARCEL ID
14-080-150-085-42
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248-227-0817
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248-227-0817
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