10464 Old 27 S Gaylord, MI 49735
- Added:
- Nov 21, 2025
- Days on Market:
- 168
- Last Refresh:
- Apr 5 at 8:53 pm
Property Features for 10464 Old 27 S
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agent Bryan Bender License #6501319610 (248) 419-3810
Listing office Fortis Net Lease (248) 419-3810
Listing date Nov 21, 2025
Source Fortisnetlease
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
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.
- Lease includes 5% rental rate increases every 5 years, including at each of the five 5‑year renewal options.
- Strategically located in a limited competition area.
- Located in a high‑growth area with a 3‑mile population growth rate of 9.16% and a strong 3‑mile average household income of $72,196.
Overview
New Dollar General Investment Property
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.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Map
- City
- Gaylord
- County
- Otsego
- State
- Michigan
- Longitude
- -84.6766
- Latitude
- 44.9934
Nearby Similar for Lease
FAQs
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.
