Dollar General NNN Property For Sale — Cedarville, MI
293-301 East M-134, Cedarville, MI 49719
This brand new Dollar General investment property is located in the beautiful lakefront resort area of Cedarville, Michigan, near Mackinaw Island. The store is planned to open in approximately October 2017. Dollar General strategically selected this resort area location after a comprehensive demographic study, demonstrating a long-term commitment to the community with a 15-year absolute triple net lease. They have five, 5-year renewal periods with rent increases of 10% every five years during those periods. The Mackinaw Island area is a popular tourist destination, attracting boaters and golfers in the summer, fall foliage enthusiasts, and snow lovers in the winter. Cedarville is part of the Great Waters, offering opportunities to enjoy unspoiled beauty, unique history, and the Great Lake…
- Address: 293-301 East M-134, Cedarville, MI 49719
- Asking price $1.32M
- 6.76% cap rate
- NOI $89,212
- 15 years remaining
- NNN lease
Asset type: Retail