980 University Dr - Freestanding FOR SALE
Pontiac, MI 48342 |
$1,047,010 USD
248-702-0288
980 University Dr
Pontiac, MI 48342
HIGHLIGHTS
- Double Net Lease | Minimal Landlord Responsibilities | Corporate Guarantee | S&P Credit Rating "BBB"
- Retrofit For Dollar General In 2010 With Upgraded Brick Construction | New Roof In 2023 With 15-Year Warranty
- Priced Below Replacement Costs | Attractive Low Rent ($6.94/SF)
- 10% Rent Increases at the Beginning of Each Option Period
- Excellent Visibility Off University Dr With 22,000 VPD
- Dense Infill Location with 157,850 People within 5 Miles of Subject Property
FOR SALE DETAILS
PRICE
$1,047,010 USD
PRICE/SF
$77 USD /SF
CAP RATE
9%
% 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
1968
SPRINKLERS
-
PARKING SPACES
82
LAND DETAILS
CROSS STREETS
Featherstone
LAND ACRES
1.29 AC
LAND SF
56,192 SF
ZONING
C-3, Pontiac City
APN/PARCEL ID
14-22-332-001,14-22-332-044
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248-702-0288
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248-702-0288
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