405 S Michigan Ave - Freestanding FOR SALE
Saginaw, MI 48602 |
$1,000,000 USD
248-702-0288
405 S Michigan Ave
Saginaw, MI 48602
HIGHLIGHTS
- 9,632 SF Free-Standing Dollar General Situated on 0.77 Acres
- Proven Long-Term Operating History | Dollar General Has Successfully Occupied This Location Since 2011 Demonstrating Commitment To The Location
- Double "NN" Net Lease | Minimal LL Responsibilities
- Corporate Lease Guarantee from Dollar General (NYSE: DG) | Investment Grade Tenant | S&P Rating: BBB
- Property Renovated to Dollar General’s Specifications in 2012 & 2021
- Strong Traffic Corridor | Located along S Michigan Ave w/ Traffic Counts Exceeding 16,000 VPD
FOR SALE DETAILS
PRICE
$1,000,000 USD
PRICE/SF
$104 USD /SF
CAP RATE
7.8%
% 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
1948
SPRINKLERS
-
PARKING SPACES
54
LAND DETAILS
LAND ACRES
0.77 AC
LAND SF
33,541 SF
ZONING
RMU
APN/PARCEL ID
91700190000000
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248-702-0288
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248-702-0288
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