266 E Main St
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266 E Main St
10,660 SF Retail Building Walkerville, MI 49459 $1,942,506 CAD ($182 CAD/SF) 7.05% Cap Rate
Investment Highlights
- Absolute NNN lease w/ zero management responsibilities
- Corporately guaranteed lease from Dollar General Corporation
- Five, 5-Year renewal options, all of which include an attractive 10% rental increase
Executive Summary
Brand new 2020 build-to-suit construction for Dollar General
Dollar General PLUS concept (larger 10,660 SF building)
DG PLUS concepts confirm that the tenant is projecting above average sales volume for this location
±13 years remaining on an initial 15-Year lease
On main thoroughfare situated near the local schools
Dollar General boasts an investment grade credit rating of BBB (S&P).
Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future.
Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
Dollar General PLUS concept (larger 10,660 SF building)
DG PLUS concepts confirm that the tenant is projecting above average sales volume for this location
±13 years remaining on an initial 15-Year lease
On main thoroughfare situated near the local schools
Dollar General boasts an investment grade credit rating of BBB (S&P).
Dollar General has ±19,500 locations and plans to continue their expansion for the foreseeable future.
Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,660 SF
Building Class
C
Year Built
2020
Price
$1,942,506 CAD
Price Per SF
$182 CAD
Cap Rate
7.05%
NOI
$136,947 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
CM
Parking
34 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
287 ft on Main Street
PROPERTY TAXES
| Parcel Number | 047-500-051-00 | Improvements Assessment | $738,901 CAD |
| Land Assessment | $33,061 CAD | Total Assessment | $771,962 CAD |
PROPERTY TAXES
Parcel Number
047-500-051-00
Land Assessment
$33,061 CAD
Improvements Assessment
$738,901 CAD
Total Assessment
$771,962 CAD
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266 E Main St
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