Building Details

Building Size 9,026 SF

Listing Agency: SVN | Silveri Company

Listed By: Peter Colvin · License #6501197270 Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Sep 11 Last Checked: Oct 5 at 4:33PM

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Investment Insights

Based on property information with market context.

This NNN Dollar General investment property is located in Burt, Michigan, south of Saginaw, near attractions such as Frankenmuth, Birch Run Premium Outlets, and Birch Run Speedway. Constructed and opened in 2017, the property has a 15-year base term expiring on 9/30/2032. The lease includes five renewal options of 5 years each, with a 10% rent increase per option. The lease is an absolute triple net lease, with Dollar General responsible for all maintenance, repairs, and replacements. The store serves a surrounding population of over 55,000 people within a 10-mile radius. The property size is 9026 square feet. A Phase 1 Environmental Report and ALTA Survey are available.

Key Highlights

• NNN Lease: Absolute triple net lease with Dollar General, tenant handles all maintenance.
• Long‑Term Lease: Enjoy a secure income stream with a 15‑year base term through 2032.
• Renewal Options: Benefit from five renewal options of 5 years each, featuring a 10% rent increase.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$116,733

Cap Rate

9.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,334,660 $2.3M

Cap Rate 7%

$1,667,614 $1.7M

Cap Rate 9%

$1,297,033 $1.3M

Market Conditions

NOI Build-Up for 9,026 SF

Gross rent

$162.5K $18.00/SF

− Vacancy

−$6.8K −$0.76/SF

EGI

$155.6K $17.24/SF

− OpEx

−$38.9K −$4.31/SF

NOI

$116.7K $12.93/SF

Area

Saginaw County, MI

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,334,660

Cap Rate 7%

$1,667,614

Cap Rate 9%

$1,297,033

Alternative Uses

Best Use

Specialty Retail

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,733 @ 7.0% cap · market cap 9.08%

Second Best

Retail

$960.4K

$840.3K – $1.12M (±1% cap)

NOI $67,227 @ 7.0% cap · market cap 5.23%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

4k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,929 visits/mo 0.0 miles

Demographics for 48417, MI

2,612

Population

1,064

Households

2.5

Avg Household Size

45

Median Age

7%

College-Educated

89%

High-School Grad

23.2 sq mi

ZIP Area

113

Density / Sq Mi

$70,280

Median Household Income

$49,024

Median Earnings

$875

Median Rent

$163,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - NNN Dollar General in Burt, MI with 15-year lease.

Where is this grocery and convenience store located?

The property is located at 10600 East Rd Burt, MI.

What is the asking price?

The asking price for this property is $1,285,457.

What are key features of this property?

This property features: NNN Lease: Absolute triple net lease with Dollar General, tenant handles all maintenance.; Long‑Term Lease: Enjoy a secure income stream with a 15‑year base term through 2032.; Renewal Options: Benefit from five renewal options of 5 years each, featuring a 10% rent increase.