For Sale
$1,345,477
266 Main St Walkerville, MI 49459
High-yield NNN lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- 2020-built Dollar General PLUS store on a 3.01-acre lot.
- 10,660 square foot building with above-average projected sales volume.
- Approximately 12.75 years remaining on a 15-year absolute NNN lease.
- Five, 5-year renewal options with 10% rent increases each.
- Located on a main thoroughfare near local schools, offering minimal management responsibilities.
- Investment-grade credit tenant (Dollar General) with corporate guarantee.
Property Details for 266 Main St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,660 SF
- Year Built
- 2020
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 131,116 SF
Location Insight
- City
- Walkerville
- County
- Oceana
- State
- Michigan
- Latitude
- 43.7152453
- Longitude
- -86.1195214
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN lease, strong tenant.
- Where is the retail property located?
- The property is located at 266 Main St Walkerville, MI.
- What is the asking price?
- The asking price for this property is $1,345,477.
- What are key features of this property?
- This property features: 2020-built Dollar General PLUS store on a 3.01-acre lot.; 10,660 square foot building with above-average projected sales volume.; Approximately 12.75 years remaining on a 15-year absolute NNN lease.
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