266 Main St, Walkerville, MI 49459-9499

This exceptional investment opportunity presents a fee-simple ownership of a 10,660 square foot Dollar General PLUS store, built in 2020, located at 266 Main St, Walkerville, MI 49459. The property sits on a 3.01-acre lot and benefits from a 15-year absolute NNN lease with 12.5 years remaining, commencing April 25, 2022, and expiring April 30, 2037. The lease includes five, 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $94,856, representing a 7.05% cap rate on the asking price of $1,345,477. The tenant, Dollar General, is investment-grade credit rated and provides a corporate guarantee. This single-tenant, single-story building enjoys 100% occupancy and is situated on a main thoroughfare near local schools. The Dollar General PLUS concept indicates projected above-average sales volume for this location. This is a low-management, high-return investment with significant long-term potential.