Absolute Net Dollar General w/Ten Years Remaining | Flint MSA
4276 Le Valley Rd, Columbiaville, MI 48421, USA Map
Listing Price $1,414,752
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Retail |
| CAP Rate | 6.25% |
| GLA (Sq. Ft.) | 9,026 |
| NOI | $88,422 |
| Lease Term Remaining | 10 Years |
| Increases | 10% in Each Option |
| Options | 5 x 5 Years |
| State (BOR) | Michigan |
| Broker of Record | Steve Chaben |
| License # (BOR) | 6502387903 |
Investment Highlights
- Investment Grade Tenant Dollar General is the
Country’s Largest Small Box Discount Retailer with
Over 18,000 Stores and a Credit Rating of BBB
from S&P - Traffic Counts on LeValley Road (1,744 VPD) and
Marathon Road (1,342 VPD), a Quarter Mile off
of Pine Street (3,373 VPD) (Source: LandVision,
CoStar 2020) - Thriving Bedroom Community with an Average
Household Income of Over $74,000 within Five
Miles of the Subject Asset, as of 2022 - Subject is 26 Miles from Bishop International
Airport, Serving 300,000 Passengers Annually
(bishopairport.org) - Parks and Outdoor Recreational Facilities Nearby
Include: Lapeer State Game Area, Zemmer Park,
Buttercup Beach, Sugarbush Golf Club, For-Mar
Nature Preserve & Arboretum, Sloan Museum, and
More - Subject is 22 Miles from Downtown Flint
Michigan, with a Population of 80,628
Investment Overview
Subject is a Prime 9,026 Square-Foot Build-to-Suit Dollar General on a 1.73-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Hard Corner. Absolute NNN Lease with a 15-Year Base Term and Zero Landlord Responsibility | 10% Rental Increases in 5 x 5-Year Options.
