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The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the
accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk
for any inaccuracies.
Stone Ridge Plaza
395 N Groesbeck Mt. Clemens, MI
PROPERTY SUMMARY
Triple Net Investment Group is pleased to present opportunity to purchase multi-tenant investment property offering anchored by Dollar
General in Mt. Clemens, MI. The subject property was constructed in 2006 and many of the tenants in the strip center have recently just
signed new leases and or lease extensions. Dollar General along with the United States Army are the two anchor tenants and have 59% of
the space, in the entire center. Additionally, Dollar General operate on NN lease and pays 40.81 % of Snow Removal, property insurance
and Property Tax and the rest of the center operates under a gross lease and pay proportionate share of any increase in taxes, insurance,
and operating expenses. The strip also currently has 1,800 square feet of vacant space that presents an investor with upside value, should a
new tenant fill the space. The subject property is located on Groesbeck in Mt. Clemens, which is just south of M-59, which is one of the
most highly traveled roads in Metro Detroit. There are various nationwide retailers about a half of a mile to the south and a new develop-
ment that is anchored by Meijer. The property boasts a $72,018+ average household income and 226,128 Population within 5 miles radius.
INVESTMENT HIGHLIGHTS
 Multi-Tenant Center Anchored by Dollar General
 N. Groesbeck Hwy. | Estimated 35,000 Cars Per Day
 226,128 Population and $72,018 Average Household Within 5 Miles of
Property
 Additional 1.5 Acres for Development
 Value Add Upside Potential
 Limestone and Brick Façade with Aluminum Awnings
 Property was built in 2006
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Property Information
Property Stone Ridge Plaza
Property Address 395 N Groesbeck
Mt. Clemens, MI 48043
Land Size 4.35± Acres
Building Size 26,580 sq ft
Purchase Price $3,100,000.00
NOI ~$263,053.00
Cap Rate 8.48%
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Gross Rental Income: $302,234.00
Real estate taxes: ($19,586.00)
Insurance:
Management 2%
($4,800.00)
($5,395.00)
Utilities: ($ 3,000.00)
Maintenance ($6,400.00)
Total Expense ($39,181.00)
Net Income: ~$ 263,053.00
Tenant Size % Lease Start Date Lease End Date Options Annual Rent
Dollar General 10,716 sq ft 40% 4/30/2011 4/24/2021 4 Five years 10%
increase
$96,478
US Army 5,106 sq ft 19.1% 1/14/2013 1/14/2018 None $93,756
Liquor Resort 4,000 sq ft 14.9% 1/1/2014 4/1/2021 6 Five Year Op-
tion 5% increase
$45,000
Grinderz Pizza 1,780 sq ft 6.6% 3/1/2012 3/1/2022 None $27,800
Metro PCS 1,080 sq ft 4% 3/1/2015 3/1/2020 None $14,200
Lease Pending 2,300 sq ft 8.6% 3/1/2016 3/1/2021 None $25,000
Vacant 1,800 sq ft 6.8%
Total 26,982 sq ft 100% $302,234.00
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Dollar General : NN lease Guaranteed by Dollar General Corporation. In addition to the current rent which is $82,278.00 Dollar General also pays 40.81 % of Snow Remov-
al, property insurance and Property Tax (~$14,200).
U.S. Army Recruiting and Career Center : Lease Guaranteed by Federal Government. This is relocation of a close by location that they occupied for 30 years. US Army spent
$280,000 in buildout in 2013. Responsible to pay proportionate share of any increase in taxes, insurance, or operating expenses over and above the base rent . Expressed
interest to renew for 3 additional years.
Liquor Resort: Gross Lease. Personally Guaranteed Lease. Responsible for proportionate share of any increase in Tax and Insurance charges included in the base rent. 9
years in Business. at current location and Over 35 years in business experience.
Grindrez Pizza: Gross Lease.. Currently Owns 5 other locations. Personally Guaranteed Lease. Responsible for proportionate share of any increase in Tax and Insurance
charges included in the base rent. Rent will increase in 3/1/17 to $27,800.00 and 3/1/19 to $29,700.00 . Seller will credit the buyer for rent difference at closing.
Metro PCS: Gross Lease. Personally Guaranteed by 35 Unit Franchisee,. Responsible to pay proportionate share of any increase in taxes, insurance, or operating expenses
over and above the base year of 2014 which is $350.00 . Rent (year 1-3 $13,200 )and ($15,000 year 4-5). Seller will credit the buyer for rent difference at closing.
Aerial / Street Views
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Aerial / Street Views
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Mount Clemens Ice Arena
Macomb County Habitat For Humanity
Aerial / Street Views
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Mount Clemens Ice Arena
Macomb County Habitat For Humanity
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Population 1-mi. 3-mi. 5-mi.
2015 Male Population 5,332 41,319 113,542
2015 Female Population 4,469 43,224 121,089
% 2015 Male Population 54.40% 48.87% 48.39%
% 2015 Female Population 45.60% 51.13% 51.61%
2015 Total Population: Adult 7,899 66,698 183,674
2015 Total Daytime Population 15,442 93,500 226,128
Income 1-mi. 3-mi. 5-mi.
2015 Household Income: Median $41,929 $53,012 $55,269
2015 Household Income: Average $58,877 $69,983 $72,018
2015 Per Capita Income $24,600 $28,519 $28,918
2015 White alone 7,561 66,329 191,608
2015 Black or African American
alone
1,687 13,383 29,601
2015 American Indian and Alaska
Native alone
32 250 633
2015 Asian alone 123 1,770 5,858
2015 Native Hawaiian and OPI alone 9 33 82
2015 Some Other Race alone 82 693 1,610
Aerial / Street Views
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Alexandra Allen, Investment Assc
Triple Net Investment Group Inc.
100 North Washington Street
Suite #210
Falls Church, VA 22046
Tel: (703)431-6107
Email: info@nnnig.com
The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of
the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.

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Dollar General Investment Property NNN

  • 1. The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies. The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies. Stone Ridge Plaza 395 N Groesbeck Mt. Clemens, MI
  • 2. PROPERTY SUMMARY Triple Net Investment Group is pleased to present opportunity to purchase multi-tenant investment property offering anchored by Dollar General in Mt. Clemens, MI. The subject property was constructed in 2006 and many of the tenants in the strip center have recently just signed new leases and or lease extensions. Dollar General along with the United States Army are the two anchor tenants and have 59% of the space, in the entire center. Additionally, Dollar General operate on NN lease and pays 40.81 % of Snow Removal, property insurance and Property Tax and the rest of the center operates under a gross lease and pay proportionate share of any increase in taxes, insurance, and operating expenses. The strip also currently has 1,800 square feet of vacant space that presents an investor with upside value, should a new tenant fill the space. The subject property is located on Groesbeck in Mt. Clemens, which is just south of M-59, which is one of the most highly traveled roads in Metro Detroit. There are various nationwide retailers about a half of a mile to the south and a new develop- ment that is anchored by Meijer. The property boasts a $72,018+ average household income and 226,128 Population within 5 miles radius. INVESTMENT HIGHLIGHTS  Multi-Tenant Center Anchored by Dollar General  N. Groesbeck Hwy. | Estimated 35,000 Cars Per Day  226,128 Population and $72,018 Average Household Within 5 Miles of Property  Additional 1.5 Acres for Development  Value Add Upside Potential  Limestone and Brick Façade with Aluminum Awnings  Property was built in 2006 The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
  • 3. Property Information Property Stone Ridge Plaza Property Address 395 N Groesbeck Mt. Clemens, MI 48043 Land Size 4.35± Acres Building Size 26,580 sq ft Purchase Price $3,100,000.00 NOI ~$263,053.00 Cap Rate 8.48% The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies. Gross Rental Income: $302,234.00 Real estate taxes: ($19,586.00) Insurance: Management 2% ($4,800.00) ($5,395.00) Utilities: ($ 3,000.00) Maintenance ($6,400.00) Total Expense ($39,181.00) Net Income: ~$ 263,053.00
  • 4. Tenant Size % Lease Start Date Lease End Date Options Annual Rent Dollar General 10,716 sq ft 40% 4/30/2011 4/24/2021 4 Five years 10% increase $96,478 US Army 5,106 sq ft 19.1% 1/14/2013 1/14/2018 None $93,756 Liquor Resort 4,000 sq ft 14.9% 1/1/2014 4/1/2021 6 Five Year Op- tion 5% increase $45,000 Grinderz Pizza 1,780 sq ft 6.6% 3/1/2012 3/1/2022 None $27,800 Metro PCS 1,080 sq ft 4% 3/1/2015 3/1/2020 None $14,200 Lease Pending 2,300 sq ft 8.6% 3/1/2016 3/1/2021 None $25,000 Vacant 1,800 sq ft 6.8% Total 26,982 sq ft 100% $302,234.00 The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies. Dollar General : NN lease Guaranteed by Dollar General Corporation. In addition to the current rent which is $82,278.00 Dollar General also pays 40.81 % of Snow Remov- al, property insurance and Property Tax (~$14,200). U.S. Army Recruiting and Career Center : Lease Guaranteed by Federal Government. This is relocation of a close by location that they occupied for 30 years. US Army spent $280,000 in buildout in 2013. Responsible to pay proportionate share of any increase in taxes, insurance, or operating expenses over and above the base rent . Expressed interest to renew for 3 additional years. Liquor Resort: Gross Lease. Personally Guaranteed Lease. Responsible for proportionate share of any increase in Tax and Insurance charges included in the base rent. 9 years in Business. at current location and Over 35 years in business experience. Grindrez Pizza: Gross Lease.. Currently Owns 5 other locations. Personally Guaranteed Lease. Responsible for proportionate share of any increase in Tax and Insurance charges included in the base rent. Rent will increase in 3/1/17 to $27,800.00 and 3/1/19 to $29,700.00 . Seller will credit the buyer for rent difference at closing. Metro PCS: Gross Lease. Personally Guaranteed by 35 Unit Franchisee,. Responsible to pay proportionate share of any increase in taxes, insurance, or operating expenses over and above the base year of 2014 which is $350.00 . Rent (year 1-3 $13,200 )and ($15,000 year 4-5). Seller will credit the buyer for rent difference at closing.
  • 5. Aerial / Street Views The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
  • 6. Aerial / Street Views The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies. Mount Clemens Ice Arena Macomb County Habitat For Humanity
  • 7. Aerial / Street Views The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies. Mount Clemens Ice Arena Macomb County Habitat For Humanity
  • 8. The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies. Population 1-mi. 3-mi. 5-mi. 2015 Male Population 5,332 41,319 113,542 2015 Female Population 4,469 43,224 121,089 % 2015 Male Population 54.40% 48.87% 48.39% % 2015 Female Population 45.60% 51.13% 51.61% 2015 Total Population: Adult 7,899 66,698 183,674 2015 Total Daytime Population 15,442 93,500 226,128 Income 1-mi. 3-mi. 5-mi. 2015 Household Income: Median $41,929 $53,012 $55,269 2015 Household Income: Average $58,877 $69,983 $72,018 2015 Per Capita Income $24,600 $28,519 $28,918 2015 White alone 7,561 66,329 191,608 2015 Black or African American alone 1,687 13,383 29,601 2015 American Indian and Alaska Native alone 32 250 633 2015 Asian alone 123 1,770 5,858 2015 Native Hawaiian and OPI alone 9 33 82 2015 Some Other Race alone 82 693 1,610
  • 9. Aerial / Street Views The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
  • 10. Alexandra Allen, Investment Assc Triple Net Investment Group Inc. 100 North Washington Street Suite #210 Falls Church, VA 22046 Tel: (703)431-6107 Email: info@nnnig.com The information contained here-within this document is believed to be reliable, although Triple Net Investment Group makes no warranty or representation on the accuracy of the information. Please understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.