NNN Dollar General Investment
10600 E Rd Burt, MI 48417
For Sale
Contact for pricing
NNN Dollar General in Burt, MI with long-term lease.
Property Size9,026 SF
Price / SF$142.42
Days on Market121
Property Features for 10600 E Rd
General Information
- Standard status
- Active
- Size
- 9,026 SF
- Property subtype
- Retail
Listing Agency:
SVN | Silveri Company
(616) 949-6168
Listed By:
Peter Colvin · License #MI 6501197270
Source:
Crexi
Added: Mar 26
Changed: Jul 6
Last Checked: Jul 23 at 12:40PM
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 SVN | Silveri Company
Investment Insights
Based on property information with market context.
This NNN Dollar General investment property is located in Burt, Michigan, south of Saginaw, and near Frankenmuth, the Birch Run Premium Outlets, and the Birch Run Speedway. Constructed and opened in 2017, the property has a 15-year base term that runs through September 30, 2032. The lease structure is absolute triple net, with Dollar General responsible for all maintenance, repairs, and replacements. There are five renewal options of 5 years each, with a 10% rent increase for each option. The store is located in a busy area with over 55,000 residents within a 10-mile radius. The property size is 9,026 square feet. Phase 1 Environmental Report and ALTA Survey are available.
Key Highlights
- Absolute NNN Lease: Dollar General handles all maintenance.
- Long‑Term Lease: Enjoy a 15‑year lease, active until 9/30/2032.
- Renewal Options: Benefit from five 5‑year renewal options, each with a 10% rent increase.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.5k | $18.00 |
| − Vacancy | −$6.8k | −$0.76 |
| EGI | $155.6k | $17.24 |
| − OpEx | −$38.9k | −$4.31 |
| NOI | $116.7k | $12.93 |
9,026 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,733 @ 7.0% cap · market cap 9.08%
Second Best
Retail
$960.4K
$840.3K – $1.12M
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Grocery and convenience store - NNN Dollar General in Burt, MI with long-term lease.
Where is this grocery and convenience store located?
The property is located at 10600 E 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: Absolute NNN Lease: Dollar General handles all maintenance.; Long‑Term Lease: Enjoy a 15‑year lease, active until 9/30/2032.; Renewal Options: Benefit from five 5‑year renewal options, each with a 10% rent increase.
