705 S Main St - Freestanding FOR SALE
Crystal, MI 48818 |
$1,408,242 USD
214-692-2289
705 S Main St
Crystal, MI 48818
HIGHLIGHTS
- 2021 build-to-suit construction for Dollar General
- 13.25-Years remaining on a 15-year absolute NNN lease (commencement of May 2021)
- Dollar General modified this lease 2.5-years into the base term to a new 15-year term and included rental increases a strong sign of their commitment
- 5% rental increases every 5-years for the life of the lease
- Zero landlord management responsibilities
- Average household income of $77,462 (considered to be Dollar General’s “sweet-spot”)
FOR SALE DETAILS
PRICE
$1,408,242 USD
PRICE/SF
$148 USD /SF
CAP RATE
6.6%
% 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
2021
SPRINKLERS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
005-900-146-00
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214-692-2289
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214-692-2289
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