10464 Old Us Highway 27 S Gaylord, MI 49735
New Dollar General Plus store in Gaylord, Michigan.
Property size:
10,640 SFLot size:
1.55 AcresProperty Features for 10464 Old Us Highway 27 S
General Information
- Standard status
- Active
- Zoning
- Commercial
- Size
- 10,640 SF
- Lot size
- 1.55 Acres
Building Details
- Year built
- 2025
Source:
Crexi
Listing Agency: Fortis Net Lease Listing Agent: Bryan Bender
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Dollar General Plus Store
This property features a 10,640 square foot Dollar General Plus store, completed in August 2025. The property is located off of Old US Highway 27 S in Gaylord, Michigan, in an area with limited competition, with the next dollar store being over 7 miles away. The surrounding area within a 10-mile radius has a population of 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%. The property is subject to a 15-year Absolute NNN Lease, providing zero landlord responsibilities. The lease includes 5% rental rate increases every 5 years, including at each of the 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds an investment-grade credit rating of "BBB". This property is suited for a 1031 exchange buyer or a passive investor seeking fee simple ownership of a Dollar General store. The investment aims to offer continued success due to the financial strength and profitability of the tenant. Gaylord is known as the "Alpine Village" and is located in the heart of northern Michigan. It is recognized for its Alpine-style architecture and year-round recreational opportunities.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Gaylord
- County
- Otsego
- State
- Michigan
- Longitude
- -84.698601
- Latitude
- 44.880699
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - New Dollar General Plus store in Gaylord, Michigan.
Where is this grocery and convenience store located?
The property is located at 10464 Old Us Highway 27 S Gaylord, MI.
What is the asking price?
The asking price for this property is $2,303,507.
What are key features of this property?
This property features: - Brand new (2025) Dollar General Plus store with a 15-year Absolute NNN lease.; - Corporately guaranteed lease by Dollar General Corporation (credit rating “BBB” - Investment Grade).; - Attractive 6.70% cap rate based on a Net Operating Income (NOI) of $154,335.
