Absolute NNN Leased Dollar General

Investment Overview

The SVN Colvin Team presents this Absolute NNN Leased Dollar General in beautiful Gladwin Michigan. This quality building was constructed for Dollar General and has a concrete parking lot and a concrete drive with curbs, a substantial upgrade to a typical Dollar General location. The base lease term started on 1-1-2016 and runs through 12-31-2031. There are five renewal periods of 5 years with a 10% rent increase at the start of each renewal period. This store was remodeled by Dollar General 7/7/23. This busy Dollar General is located on busy Highway 61 in the heart of northern/central Michigan and easily accessible from I-75 and I-127. It serves a large market area, including seasonal visitors for boating, fishing and snowmobiling. While visiting your investment property, you can enjoy the beautiful water front area and stay at Riverwalk Place, a popular resort with hotel, boutique shopping, dining and a full service spa. Partake in visiting microbreweries, vineyards, lakefront cabins, boat tours, fly fishing and snowmobiling. Life is good. Offered at a very attractive price and cap rate, we also have an ALTA survey and a clean phase 1 that will make this a simple purchase. The SVN Colvin team has helped a lot of people purchase Dollar General properties and enjoy management-free cash flow.

Investment Highlights

• Waterfront Resort Area
• Absolute NNN Lease
• Main Commercial Corridor
• Fortune 500 Tenant