20260 Gratiot Rd - Retail FOR SALE
Merrill, MI 48637 |
$605,000 USD
248-226-1629
20260 Gratiot Rd
Merrill, MI 48637
OVERVIEW
• 13,895 SF NNN Lease Single Tenant
• Corporate Guarantee from Dollar General
• Investment Grade Tenant – S&P BBB Rating
• Recently Exercised 5-Year Option, with Increase
• Low Rent per Square Foot - $3.61/SF
• Long Term Occupancy – 20+ Years
• Two 5-Year Options Remaining
• Only Dollar Store in Town
FOR SALE DETAILS
PRICE
$605,000 USD
PRICE/SF
$44 USD /SF
CAP RATE
8.29%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.2 AC
LAND SF
96,006 SF
ZONING
-
APN/PARCEL ID
17121264009001
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248-226-1629
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248-226-1629
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