DOLLAR GENERAL

5698 Territorial Rd, Benton Harbor, MI 49022
$1,300,000

Cap Rate
7.00%
Gross SQFT
10,681
Year Built
2022
Term Remaining
±13.92 YRS
NOI
$91,000
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Brand new 2022 build-to-suit construction for Dollar General
  • Dollar General boasts an investment grade credit rating of BBB (S&P).
  • Dollar General PLUS concept (larger 10,681 SF building)
  • Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future.
  • DG PLUS concepts confirm that the tenant is projecting above average sales volume for this location
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
  • ±13.75 years remaining on an initial 15-Year lease
  • Absolute NNN lease w/ zero management responsibilities
  • Five, 5-Year renewal options, all of which include an attractive 10% rental increase

Broker of Record

  • Matt Fitzgerald
  • License No. 6505432273 (MI)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203