Dollar General Market – Williamsburg, MI

$2,194,647
Price
$145,944
Noi
6.65%
Cap Rate
10,640
Leasable Area
2025
Year Built

Fortis Net Lease is pleased to present this brand new 10,640 SF Dollar General Market store located in Williamsburg, Michigan – directly across from Turtle Creek Casino & Resort! Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction with store opening & rent on track to start in February 2025.

This Dollar General Market is highly visible as it is strategically positioned off M-72 seeing 13,649 cars per day. Great location across from the popular Turtle Creek Casino & Resort which is a 56,000 SF Vegas-style casino floor with 137 guest rooms and ample dining options. The store is only 3.6 Miles away from the Grand Traverse Resort and Spa – another huge tourist attraction! The 10 mile population from the site is 45,406 while the 3 mile average household income is $89,241 per year, making this location ideal for a Dollar General. The area is also seeing great growth with the 3 mile population growth rate at 5.97%. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top small box discount retailer. List price reflects a 6.65% cap rate based on NOI of $145,944.

INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Dollar General Market | Produce and Fresh Meats
• 5% RENT INCREASES EVERY 5 YEARS!!
• A+ LOCATION Across from Turtle Creek Casino & Resort | 56K SF Casino with 137 Rooms
• 3.7 Miles to Grand Traverse Resort and Spa | 900 Acre with 3 Golf Courses
• 2025 BTS Construction | Plus Size Footprint
• 5 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $89,241
• Ten Mile Population 45,406 | Expected 4.31%
• Investment Grade Dollar Store With “BBB” Credit Rating | Corporate Guaranty

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

ANDREW BENDER

Investment Advisor

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