New NNN Dollar General Iron Mountain MI

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30335597
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending/Contingent
Building Size (RSF): 9,026 SF
Gross Building Area: See Agent
Sale Price: $1,436,500
Unit Price: $159.15 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.65%
Last Updated: 4/16/2019

Overview / Comments

The SVN Colvin Team is pleased to present this Absolute NNN Net Dollar General in beautiful Iron Mountain, Michigan. The store just opened in early August with a fresh 15 year lease. Deluxe finishes makes this very attractive.

Iron Mountain is a very active Upper Peninsula community close to Lake Superior. Unlike many remote Dollar General locations, this is a very busy retail and commercial corridor. It's surrounded by Holiday Inn Express, Comfort Inn, Wendy's, Hardees, A&W, 323 Salon and many local restaurants and businesses. Close by is a large VA Hospital, Walgreen’s, Dickenson Memorial Hospital, Bay College, Lake Antoine Resort Area, Timberstone Golf Course and the world famous Pine Mountain Ski Jump. Come visit your investment and enjoy a stunning fall color tour. The SVN Colvin Team specializes in Dollar Generals and has sold over 400 of them. We have other great locations if you need to purchase more. We can make your Dollar General acquisition or 1031 Exchange very easy.

Additional Details

Nearest MSA: Iron Mountain
County: Dickinson
Tax ID/APN: 22-051-00-098-00
Zoning: COMMERCIAL
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,509 15,420 18,687
Median Age: 41.76 44.42 44.96
Households: 1,951 6,795 8,194
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