Matthews Logo

Navigation Menu

52462 US Hwy 131, Three Rivers, MI, 49093

Dollar General

$1,438,087

Key Information

Cap Rate
7.25%
$ per SF
$136
Tot. SF
10,566
Lot Size
3.99 Acres
Year Built
2022
Term Remaining
± 10.5 Years
Type
Retail
Occupancy
100%
NOI
$104,261

Highlights

• 2022 build-to-suit upgraded plus-size construction for Dollar General with ±10.5 years remaining on an initial 15-year absolute NNN lease.
• Prime location directly along US Highway 131, a major north-south thoroughfare connecting Three Rivers to nearby cities, including Kalamazoo, Sturgis, and Schoolcraft.
• Three Rivers, MI is located 20 miles south of Kalamazoo, MI, (population ±150,000) and 30 miles northeast of Elkhart, IN (population ±54,000).
• Minimal competition — the nearest national dollar store is ±7 miles away, allowing Dollar General to maintain a dominant position in the local market.
• Average household income of approximately $106,107 within a 5-mile radius.
• 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.

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