Dollar General 450 E Walton Blvd 10,857 SF Retail Building Pontiac, MI 48340 $2,394,456 CAD ($220.54 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute NNN Lease – Over 12 years remaining of an absolute NNN lease, providing a passive, long term, reliable
- Larger Format / Strong Demographics – This larger format site is surrounded by ±156,000 people with an average household income of ±$98,000
- Corporate Guaranty – Dollar General continues to prove its resiliency, both in booming and economic downturns, including the COVID 19 pandemic.
- Top Ranked Store on Placer AI – This site ranks in the top 10% in America and Top 4% in Michigan on Placer AI.
- General Motors & Nearby Synergy – The property backs up to General Motors’ long standing campus facilities, and is nearby multiple schools
- Defensive Product – Dollar Stores sales typically increase during downturns in the economy which makes them one of the most sought after investments
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
MAJOR TENANTS
- TENANT
- INDUSTRY
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- RENT/SF
- LEASE END
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- Retailer
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DG is proud to be America’s neighborhood general store. We strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
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NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-16-101-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $593,603 CAD |
