New Dollar General Investment
For Lease
$2,303,507 NNN
10464 Old 27 S, Gaylord, MI 49735
New Dollar General in Gaylord, MI with long-term NNN lease.
Space SizeContact for details
Days on Market272
Property Features for 10464 Old 27 S
General Information
Standard status
Active
Property subtype
Retail
Net Operating Income
$154,335
Building Details
Year Built
2025
Listing Agency:
Fortis Net Lease
(734) 755-6359
Listed By:
Bryan Bender · License #6501319610
(734) 755-6359
Source:
Fortisnetlease
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 20 at 4:26AM
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.
This property features a 10,640 square foot Dollar General Plus store in Gaylord, Michigan, constructed in 2025. The property is secured by a 15-year absolute NNN lease, meaning zero landlord responsibilities. The lease includes 5% rental rate increases every 5 years, including at each of the five 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds a “BBB” credit rating, classified as investment grade. The store successfully opened in August 2025. The Dollar General is positioned off of Old US Highway 27 S in an area with limited competition; the next dollar store is over 7 miles away. The population within a 10-mile radius of the site is 14,950, and the average household income within a 3-mile radius is $72,196 per year. The population growth rate within 3 miles is 9.16%. This property is located in Gaylord, Michigan, also known as the “Alpine Village,” in the heart of northern Michigan. The property is positioned along I-75, Gaylord serves as a gateway to Michigan’s northern wilderness. The investment offers a new owner continued success due to the financial strength and the proven profitability of the tenant.
Key Highlights
- Brand new 2025 build‑to‑suit Dollar General Plus store with a 15‑year absolute NNN lease.
- Corporately guaranteed lease by Dollar General Corporation, holding an investment‑grade credit rating of 'BBB'.
- Attractive 6.70% cap rate based on a net operating income (NOI) of $154,335.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 24%
Hotels & Casinos 1%
Shell
Shops & Services
19,406 visits/mo
0.2 miles
Burger King
Dining
11,265 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
5,694 visits/mo
0.1 miles
Dollar General
Shops & Services
5,490 visits/mo
0.5 miles
Mobil
Shops & Services
3,618 visits/mo
0.1 miles
Demographics for 49735, MI
20,568
Population
11,551
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
248.6 sq mi
ZIP Area
83
Density / Sq Mi
$69,050
Median Household Income
$39,813
Median Earnings
$876
Median Rent
$200,800
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 - New Dollar General in Gaylord, MI with long-term NNN lease.
Where is this grocery and convenience store located?
The property is located at 10464 Old 27 S Gaylord, MI.
What is the lease rate?
The lease rate is $2,303,507.
What are key features of this property?
This property features: Brand new 2025 build‑to‑suit Dollar General Plus store with a 15‑year absolute NNN lease.; Corporately guaranteed lease by Dollar General Corporation, holding an investment‑grade credit rating of 'BBB'.; Attractive 6.70% cap rate based on a net operating income (NOI) of $154,335.
