Dollar General for Sale in Detroit, MI
Detroit, MI
Key Investment Metrics
Price
$1,250,000
Cap Rate
7.6%
Net Operating Income
$94,985
Building Size
9900 SF
Land Area
0.83 Acres
Remaining Term
6.5 years
Lease Expiration
05/30/2033
Lease Term
20.5 years
Lease Commencement
12/11/2012
Lease Type
NN
Year Built
2014
Occupancy
100%
Tenancy
Single
Rent Increases
10% Per Option
Property overview
Dollar General in Detroit
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,900 SF
- Land area
- 0.83 acres
- Year built
- 2014
- Lease type
- NN
- Lease expiration
- 05/30/2033
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.