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This exceptional investment opportunity presents a fee-simple, single-tenant retail property occupied by a Dollar General store. Located at 5404 N Genesee Rd, Flint, MI 48506, this 9,026 square foot building sits on a 2.41-acre lot and boasts 34 parking spaces. Built in 2015, the property is a custom-built-to-suit structure designed to meet Dollar General's specifications. The property benefits from a highly visible location on N Genesee Road, experiencing over 12,000 vehicles per day. The current lease, an absolute NNN lease, commenced August 22, 2015, and has a remaining term of 5.8 years, with five, 5-year options including 10% rent bumps. The tenant, Dollar General, is a credit-rated, Fortune 500 company with a corporate guarantee, ensuring a stable income stream. The property's strong financial performance is reflected in its 8.15% cap rate and a net operating income (NOI) of $84,465. The high-density market, with over 60,000 residents within a 5-mile radius and over 245,000 residents within a 10-mile radius, further enhances the investment potential. The property is zoned commercial and features a single story building. This is an ideal investment for those seeking a passive income stream with a strong tenant and a proven track record. The asking price is $1,036,380, translating to $121.53 per square foot.
Highlights
High-density market with over 245,000 residents within a 10-mile radius and over 60,000 within 5 miles.
Investment-grade credit tenant: Dollar General, a Fortune 500 company with a BBB credit rating.
Excellent visibility and high traffic: Located on N Genesee Road with over 12,000 vehicles per day and significant frontage.
Long-term lease: Over 6 years remaining on the initial lease term, plus five 5-year options with 10% rent increases.
2015 built-to-suit construction: High-quality building designed specifically for Dollar General.
Triple-net (NNN) lease: Passive income stream with tenant responsible for taxes, insurance, and maintenance.
Property Details
for 5404 Genesee Rd
Property type
Other retail properties, Individual retail properties
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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