Dollar General for Sale in Taylor, MI
Taylor, MI
Key Investment Metrics
Price
$1,180,628
Cap Rate
7.5%
Net Operating Income
$88,547
Building Size
7500 SF
Land Area
3.74 Acres
Remaining Term
5.2 years
Lease Expiration
09/30/2031
Lease Term
15 years
Lease Commencement
10/01/2016
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2016
Tenancy
Single
Rent Increases
10% rental increases in each option
Property overview
Dollar General in Taylor
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,500 SF
- Land area
- 3.74 acres
- Year built
- 2016
- Lease type
- Absolute NNN
- Lease expiration
- 09/30/2031
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.