Dollar General PLUS - Net Lease Property for Sale
Walkerville, MI
Key Investment Metrics
Price
$1,308,360
Cap Rate
7.3%
Net Operating Income
$94,856
Building Size
10660 SF
Lot Size
10,660 SF
Land Area
3.01 Acres
Remaining Term
11.8 years
Lease Expiration
04/30/2037
Lease Term
15 years
Lease Commencement
04/25/2022
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
10% in Options
About This Dollar General PLUS Net Lease Property
This Dollar General PLUS NNN (triple net lease) property is located in Walkerville, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 10660 square feet of building space and was built in 2020.
With a cap rate of 7.3%, this Dollar General PLUS net lease property offers stable income potential. The asking price is $1,308,360, making it an attractive option for 1031 exchange investors seeking quality Dollar General PLUS commercial properties.
Why Invest in Dollar General PLUS NNN Properties?
- Stable Income: Dollar General PLUS net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General PLUS is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Walkerville, MI Market Overview
Located in Walkerville, MI, this Dollar General PLUS property benefits from strong local demographics and market fundamentals. The Walkerville area offers excellent visibility and accessibility, making it an ideal location for Dollar General PLUS operations and a solid investment for net lease property buyers.