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DOLLAR GENERAL 9060 Telegraph Rd

9,146 SF Retail Building Newport, MI 48166 $1,404,344 ($154/SF) 7.25% Cap Rate

Retail Buildings Michigan Newport 9060 Telegraph Rd, Newport, MI 48166

Investment Highlights

  • Lease Extension – Dollar General has shown their commitment to this location by extending the primary lease term to 2033.
  • Large Lot – Subject property offers investors nearly 2 acres of land.
  • Dollar General has an investment-grade credit rating of BBB (S&P) and has reported 31 consecutive years of same-store sales growth.
  • The property is located along 3 major highways between Detroit and Toledo, providing a strategic location for increased traffic.
  • Reliable Business Model – Dollar General has approximately 19,600 locations and plans to continue their expansion for the foreseeable future.
  • Monroe, Michigan, just south of Newport, has dramatically risen to the 55th Best Performing Small City in the country by the Milken Institute

Executive Summary

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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,146 SF
Building Class
B
Year Built
2013
Price
$1,404,344
Price Per SF
$154
Cap Rate
7.25%
NOI
$101,815
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
1.86 AC
Parking
43 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
240 FT on Telegraph Rd

Links

1 of 1

PROPERTY TAXES

Parcel Number 01-034-035-35 Improvements Assessment $0
Land Assessment $0 Total Assessment $596,200

PROPERTY TAXES

Parcel Number
01-034-035-35
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$596,200
(214) 692-2847

  • Listing ID: 33401573

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 9060 Telegraph Rd, Newport, MI 48166

More public record information on 9060 Telegraph Rd, Newport, MI 48166

The Retail Property at 9060 Telegraph Rd, Newport, MI 48166 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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DOLLAR GENERAL | 9060 Telegraph Rd
(214) 692-2847 x

DOLLAR GENERAL | 9060 Telegraph Rd

Conrad Sarreal

(214) 692-2847

(214) 692-2847

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