Dollar General - Single Tenant NNN Lease
Flint, Michigan
Building
Stats
- Property Type Retail - Free Standing Building
- Building size (SF) 9,774
- Size (Ac) 1.1
Overview
Avison Young is pleased to exclusively present the single tenant, Dollar General located at 1510 E. Carpenter Road, Flint, Michigan. The building is 9,774 square feet and is situated on a 1.1 acre lot. This Existing building was extensively remodeled to suit in 2019 with repairs, upgrades, and capital replacements.
Highlights
INVESTMENT HIGHLIGHTS
• Original 10-years lease
• Over 9-years remaining NN lease with minimal landlord responsibilities
• Corporate Guarantor, Dollar General, net sales increased
• 8.3% to $27.8 billion from FY 2018 to FY 2019
• Ideal opportunity for a 1031 exchange buyer to attain the fee simple ownership of a Dollar General
• Lease has a S&P rating of “BBB” and this is considered investment grade
