e2634 Peterson RdTrenary, MI 49891
- Retail properties
- 9,100 SF
Property Details for e2634 Peterson Rd
- Year built
- 2021
- Property size (Sq ft)
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,100-square-foot Dollar General store located at 2634 Peterson Rd, Trenary, MI 49891. Built in 2021, this property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $91,955. The absolute NNN lease, featuring a corporate guarantee from Dollar General, significantly minimizes landlord responsibilities. With over 11 years remaining on the lease term (expiring 01/18/2036) and five 5-year renewal options, this investment offers long-term stability and predictable cash flow. The property benefits from its strategic location on Hwy 41, experiencing over 1,900 vehicles per day. Dollar General, a recession-resistant tenant with a BBB credit rating, enjoys a monopoly in the area, eliminating direct competition. The average household income within a 2-mile radius is $57,211, supporting strong consumer demand. The asking price is $1,286,093, translating to a price per square foot of $141.33. This brick-constructed building represents a secure and lucrative investment opportunity in a desirable location. The property is classified as a convenience store, grocery store, and storefront.
Location Insight
- City
- Trenary
- County
- Alger
- State
- Michigan
- Latitude
- 46.1959
- Longitude
- -86.9844
Comparable in this City
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