The Jonna Group of Colliers International Detroit is pleased to announce Simon Jonna, Executive Vice President, completed a 9,002 square foot sale of a Dollar General at 15 South Elba Road in Lapeer, Michigan. Simon represented the seller, an undisclosed family, and the buyer, a private investment fund based in California
“Dollar General is very desired with buyer pools today due to the many growth cards they hold, even amidst their counterparts. The concept is engaging pharmacy components and three-fourths of Americans still live within five miles of a store, with most of their 17,000+ locations in populations of less than 20,000. This means they are often times destination retail to the communities they serve and do not have to go head to head with Walmart in many markets.”
15 South Elba Road in Lapeer, Michigan, is approximately 1 hour outside of Detroit. This Dollar General is operating under a corporate absolute triple-net lease with 12 years remaining.