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2810 Portage Street, Kalamazoo, MI, 49001

Dollar General

$846,545

Key Information

Cap Rate
8.25%
$ per SF
$93
Tot. SF
9,014
Lot Size
1.01 Acres
Year Built
2005
Term Remaining
± 4 Years
Type
Retail
Occupancy
100%
NOI
$69,840

Highlights

• Over 149,000 residents within a 5-mile radius, with an average household income projected to grow from $87,090 in 2025 to $102,500 over the next five years.
• Located in a high-traffic area along Portage St. (±22,650 VPD) and less than 1.5 miles from Exit 78 on I-94 with (±96,400 VPD).
• Dollar General has occupied this store for 20+ years, demonstrating a strong commitment to the location.
• According to AlphaMaps, this store is ranked in the top 90th percentile in Michigan, and top 70th percentile nationwide.
• Kalamazoo, MI, is south of Grand Rapids, MI (population 201,183) and northeast of South Bend, IN (population 103,453).
• Dollar General boasts an investment-grade credit rating of BBB (S&P).
• Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future.
• Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
• Dollar General has a market cap of ±$27 billion.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203