Wyoming Dollar General For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30470608
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 8,737 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $1,260,000
Unit Price: $144.21 PSF
Ceiling: 11 ft.
Property Use Type: Investment
Usable Size (USF): 8,737 SF
Sale Terms: Cash to Seller
Last Updated: 9/4/2019

Overview / Comments

Great investment opportunity with this 8,737 SF Dollar General store on busy Division Avenue in Wyoming, MI. This is a corporate guaranteed NN lease. The building renovation was completed March 2019 and the current lease goes through March 2029 with four (5 year) options to extend. 10% rent increase at each renewal period.

Disclaimers: BeechTree Partners employs licensed attorneys. No action or communication by BeechTree Partners should be (i) construed to create an attorney-client relationship in any capacity or (ii) be construed as or relied upon as legal advice in any instance. BeechTree Partners has affiliated entities that may or may not be involved in a particular real estate transaction involving BeechTree Partners. BeechTree Partners expressly disclaims any liability for the actions or inactions of any of its affiliated entities. This information has been prepared by BeechTree Partners for advertising and general information only. BeechTree Partners makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information.

Current Tenants

Tenant Business Name Dollar General
Website URL www.dollargeneral.com
Industry Type Retail Trade
Is Renting? Yes
SF of Space Occupied 8,737 SF
Escalations 10% Increase at each renewal period.
Options Four (5) year options to extend

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 411724479010
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: 44th Street and 36th Street
Property Visibility: Excellent
Largest Nearby Street: 44th Street
Feet of Frontage: 109
Traffic/Vehicle Count: 17,691
Site Description: Southeast corner of Maplelawn Street S.W. and Division Avenue S.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,737 SF
Property Condition: Excellent
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Metal Siding
Total Parking Spaces: 30
Parking Ratio: 3.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample off street parking.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Package Unit, Other
Internet Access: Other
Interior Description: Completely renovated 2018.
Zoning Description: Commercial
Lot Frontage: 109’ Irregular
Lot Depth: 242'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 101 and 102, Popular Homesites Plat, City of Wyoming, Kent County, Michigan, except the East 17 feet thereof, as recorded in Liber 31 of Plats, Page 26 and the East 1/2 of that portion of the vacated alley adjacent thereto on the West. Also, Lots 104 and 105, Popular Homesites Plat, as recorded in Liber 31 of Plats, Page 26 and the West 1/2 of that portion of the vacated alley adjacent thereto on the East.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,393 115,121 267,127
Median Age: 33.36 33.96 33.82
Households: 4,230 43,622 99,166

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