2400 W Cadillac Dr - Freestanding FOR SALE


Farwell, MI 48622
$699,000 USD
269-207-1040
2400 W Cadillac Dr, Farwell, MI for Sale
$699,000 USD
Freestanding - FOR SALE
1/7
null | 9% Cap Rate

2400 W Cadillac Dr
Farwell, MI 48622


HIGHLIGHTS

  • 9,014 SF free-standing operating Dollar General on 1.44 acres
  • Dollar General has operated at this location since 2005, currently under a 5-year lease extension that expires on 09/30/2030
  • Fully leased to Dolgencorp, LLC (Dollar General), a nationally recognized essential retailer with consistent performance

OVERVIEW

FOR SALE: Investment opportunity with 9,014 SF operating Dollar General in Surrey Township on 1.44 acres. Dollar General has operated at this location since 2005 and recently exercised a new 5-year option which expires 9-30-2030. Tenant has 3 new 5-year options available. The property is fully leased to Dolgencorp, LLC (Dollar General) with the corporate guarantee of Dollar General Corporation. Dollar General Corporation (NYSE: DG) is the nation’s largest small-box discount retailer with more than 19,400 locations across 48 states and Mexico. The tenant, Dolgencorp, LLC, is a wholly-owned subsidiary of Dollar General Corporation. Zoned C-1 Commercial.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment: Open and Operating Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

C-1 Commercial

APN/PARCEL ID

014-015-400-35

ASK ABOUT THIS PROPERTY

Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

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Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.