INVESTMENT HIGHLIGHTS
NEW CONSTRUCTION / LONG TERM 15-YEAR LEASE
Brand new 2023 construction with a 15-year Absolute NNN lease providing an investor with long term passive cash flow.
STRATEGICALLY LOCATED NEAR MORBARK BRAND / PRIME FRONTAGE
The Property is strategically located less than a half mile from Morbark Brand, a manufacturing company with nearly 450 employees and featuring a 1.1 million square foot manufacturing complex. The Property also benefits from being adjacent to the corner of S. Winn Rd and W. Blanchard Rd. (7,800+ VPD), with prime frontage directly on S. Winn Rd. and easy ingress/egress into the lot.
Near Central Michigan University
Having been founded in 1892, Central Michigan University (CMU) now currently hosts in excess of 20,000 students annually and offers undergraduate, masters, specialists, and doctoral degrees. CMU’s College of Medicine opened in 2013 and is located on CMU’s roughly 480 acre campus in Mt. Pleasant. The Central Michigan Chippewas compete in the NCAA Division I Mid-American Conference in six men’s and ten women’s sports.
ABSOLUTE NNN LEASE
The Property features an Absolute NNN lease with ZERO Landlord management or repair responsibilities.
DOLLAR GENERAL CONTINUOUS GROWTH
Dollar General has reported 31 consecutive years of same-store sales growth.
CORPORATE GUARANTEE (S&P "BBB") / NATIONAL TENANT
The Lease is guaranteed by Dollar General Corporation (NYSE: DG). Dollar General has a S&P investment grade credit rating of “BBB”.
RECESSION PROOF / ESSENTIAL TENANT
Discount Stores thrive in tougher economic times and Dollar General was deemed an “Essential Tenant” through Covid-19 related shelter-in-place orders.
LIMITED DOLLAR STORE COMPETITION
The Property benefits from an untapped market as the only dollar store in over 5 miles in any direction, providing a unique opportunity to serve a community looking for convenience and savings.
Listing Agents:
CLAYTON J. BROWN
RUTHANNE LOAR
206.493.2622
ruthanne.loar@marcusmillichap.com
