Dollar General Market NNN
For Sale
Contact for pricing
1012 E Michigan Ave, Marshall, MI 49068
2023-built Dollar General Market on a fifteen-year absolute NNN lease with corporate guarantee by Dollar General Corporation.
Property Size12,480 SF
Days on Market121
Property Features for 1012 E Michigan Ave
General Information
Standard status
Active
Size
12,480 SF
Property subtype
Retail
Additional Details
Cap Rate
6.1%
Traffic Count
5,092 vehicles/day
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 3:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
Fortis Net Lease presents a 2023 build-to-suit Dollar General Market retail property totaling 12,480 SF. The offering is leased under a fifteen-year absolute NNN structure described as leaving zero landlord responsibilities, with five additional five-year renewal options. The lease terms include rental rate increases of 10% at each five-year renewal, and the lease is corporately guaranteed by Dollar General Corporation, rated “BBB” (investment grade).
The store has been open and operating since April 2023. It is positioned on Michigan Avenue, where the public remarks cite 5,092 cars per day, supporting high-visibility retail access.
This is a for-sale transaction providing fee simple ownership of the leased Dollar General Market property.
The store has been open and operating since April 2023. It is positioned on Michigan Avenue, where the public remarks cite 5,092 cars per day, supporting high-visibility retail access.
This is a for-sale transaction providing fee simple ownership of the leased Dollar General Market property.
Key Highlights
- 2023‑built 12,480 SF Dollar General Market store in Marshall, Michigan
- 15‑year absolute NNN lease with zero landlord responsibilities
- Lease includes 5 (5‑year) renewal options with 10% rental rate increases
Property Analytics
Current Use
Lease Details
5,092 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49068, MI
14,325
Population
6,901
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
129.9 sq mi
ZIP Area
110
Density / Sq Mi
$78,476
Median Household Income
$47,198
Median Earnings
$904
Median Rent
$196,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 2023-built Dollar General Market on a fifteen-year absolute NNN lease with corporate guarantee by Dollar General Corporation.
Where is this grocery and convenience store located?
The property is located at 1012 E Michigan Ave Marshall, MI.
What are key features of this property?
This property features: 2023‑built 12,480 SF Dollar General Market store in Marshall, Michigan; 15‑year absolute NNN lease with zero landlord responsibilities; Lease includes 5 (5‑year) renewal options with 10% rental rate increases
