Battle Creek Dollar General For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30470647
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 11,613 SF
Gross Building Area: See Agent
Gross Land Area: 0.75 Acres
Sale Price: $1,260,000
Unit Price: $108.50 PSF
Ceiling: 14 ft.
Property Use Type: Investment
Usable Size (USF): 11,613 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/4/2019

Overview / Comments

Great investment opportunity with this 11,613 SF Dollar General store on busy W. Columbia Avenue in Battle Creek, MI. This is a corporate guaranteed NN lease. The building renovation was completed February 2019 and the current lease goes through February 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
Is Renting? Yes

Additional Details

Nearest MSA: Battle Creek
County: Calhoun
Taxing Authority: City of Battle Creek
Tax ID/APN: 529940320380
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Located Between: S 24th Street and S 25th Street
Property Visibility: Excellent
Largest Nearby Street: Columbia Avenue
Feet of Frontage: 133
Traffic/Vehicle Count: 19,400
Site Description: NE corner W. Columbia and 25th Street.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,613 SF
Property Condition: Excellent
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Metal Siding
Total Parking Spaces: 22
Parking Ratio: 2.9 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Package Unit
Internet Access: Other
Interior Description: Total renovation in 2018
Zoning Description: Commercial
Lot Frontage: 132.5’ on W. Columbia and 245.65' on 25th Street
Lot Depth: 245.65'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 36, 37 and 38 of Young Farms Plat No. 1, City of Battle Creek, Calhoun County, Michigan, according to the plat thereof recorded in Liber 6 of Plats, on Page 40, except: Beginning at the Northeast corner of said Lot 36; thence South along the East line of said Lots 36, 37 and 38 a distance of 219.00 feet to a point 27.00 feet North of the Southeast corner of said Lot 38, said point being on the North line of West Columbia Avenue; thence West along said North line of Columbia Avenue 132.50 feet; thence North 218.82 feet to the North line of said Lot 36; thence East along said North line 132.50 feet to the place of beginning.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,325 44,896 75,691
Median Age: 39.29 37.31 37.68
Households: 2,626 18,316 30,528

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