DOLLAR GENERAL

450 Walton Blvd, Pontiac, MI 48340
$1,683,273

Cap Rate
6.5%
Gross SQFT
10,857
Year Built
2022
Term Remaining
±12.3 YRS
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • Long Term Absolute NNN Lease – Over 12 years remaining of an absolute NNN lease, providing a passive, long term, reliable, and predictable stream of income.
  • Top Ranked Store on Placer AI – This site ranks in the top 10% in America and Top 4% in Michigan on Placer AI.
  • Larger Format / Strong Demographics – This larger format site is surrounded by ±156,000 people with an average household income of ±$98,000 in a 5 mile radius, and continues to grow.
  • General Motors & Nearby Synergy – The property backs up to General Motors’ long standing campus facilities, and is nearby multiple schools and other national retailers.
  • Corporate Guaranty – Dollar General continues to prove its resiliency, both in booming and economic downturns, including the COVID 19 pandemic. This “Essential” discount retailer boasts an investment grade credit rating of BBB (S&P) with now over ±21,000 locations with plans to continue growing into the foreseeable future. This impressive ±$17.9 Billion company has also reported same store sales growth for 31 consecutive quarters through 2020, and again in 2022-Q3 and 2024, a record many other companies would envy.
  • Defensive Product – Dollar Stores sales typically increase during downturns in the economy which makes them one of the most sought after investments, even in a softening market

 


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
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