This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Dollar General | New 15-Yr Corp NNN New Const 8200 Grand Ledge hwy

10,640 SF Retail Building Sunfield, MI 48890 $1,387,000 ($130/SF) 6.40% Cap Rate

Investment Highlights

  • Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
  • Located Along Grand Ledge Hwy | Lansing MSA | Limited Competition | Brand New Construction

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, newly-built, corporate guaranteed, Dollar General investment property located in Sunfield, MI (Lansing MSA). The tenant, Dolgencorp, LLC, recently signed a brand new 15-year lease with 5 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (NYSE: DG | S&P: BBB), and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store with over 19,000 stores in operation. The building, which is slated to open in July 2023, will feature a state-of-the-art design using the highest quality materials available.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2023
Price
$1,387,000
Price Per SF
$130
Cap Rate
6.40%
NOI
$88,768
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.78 AC
Zoning
C-2 - General Business
Parking
3.1 Spaces per 1,000 SF Leased

Amenities

  • Freeway Visibility
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar General
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar General Retailer 99,999 SF - Lorem Ipsum Jan 0000
  • Listing ID: 28519608

  • Date on Market: 5/18/2023

  • Last Updated:

  • Address: 8200 Grand Ledge hwy, Sunfield, MI 48890

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}