Building Details

Tenancy Single

Listing Agency: Fortis Net Lease b***@fortisnetlease.com Show Phone

Listed By: Bryan Bender · License #MI 6501319610

Source: Crexi

Added: Apr 15 Changed: Aug 8 Last Checked: Jul 21 at 4:50AM

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Investment Insights

Based on property information with market context.

Fortis Net Lease presents a brand new freestanding Dollar General retail store offering 9,100 SF of space. The property is encumbered by a 15-year absolute NNN lease, with zero landlord responsibilities.

Dollar General Corporation provides a corporate guarantee of the lease and carries a BBB credit rating classified as investment grade. The store is open, with rent commenced on 2/15/2017, and the lease includes four (4) renewal options, each providing a 10% rental rate increase.

The offering is positioned for an investor seeking fee simple ownership of a Dollar General under long-term, corporately guaranteed net lease terms.

Key Highlights

• Brand‑new 9,100 SF Dollar General store in Pleasant Lake, MI
• 15‑year absolute NNN lease structure with zero landlord responsibilities
• Rent commenced 2/15/2017; property is currently open

Property Analytics

Property Profile

Current Use

Western Union Bank Dollar General Discount Store FedEx OnSite Postal Service

Suggested Use

Top Pick Food Market

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

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

12k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,602 visits/mo 0.1 miles

Family Dollar Shops & Services

3,283 visits/mo 0.2 miles

Independent Bank Shops & Services

2,288 visits/mo 0.2 miles

Demographics for 49272, MI

2,413

Population

1,210

Households

2

Avg Household Size

47

Median Age

28%

College-Educated

95%

High-School Grad

11.1 sq mi

ZIP Area

217

Density / Sq Mi

$90,156

Median Household Income

$49,167

Median Earnings

$196,700

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

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Brand new 9,100 SF Dollar General with an absolute NNN structure under a 15-year lease.

Where is this grocery and convenience store located?

The property is located at 11743 Bunkerhill Rd Pleasant Lake, MI.

What are key features of this property?

This property features: Brand‑new 9,100 SF Dollar General store in Pleasant Lake, MI; 15‑year absolute NNN lease structure with zero landlord responsibilities; Rent commenced 2/15/2017; property is currently open