New Dollar General Investment
10464 Old 27 S Gaylord, MI 49735
10464 Old 27 S, Gaylord, MI, 49735
$2,303,507 SF/Yr
For Lease
$2,303,507 SF/Yr
New Dollar General in Gaylord, MI with long-term NNN lease.
Days on Market243
Property Features for 10464 Old 27 S
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agency
Fortis Net Lease
(734) 755-6359
Listed by
Bryan Bender · License #6501319610
(734) 755-6359
Source
Fortisnetlease
Added: Nov 21, 2025 Updated: Jul 6 at 8:27AM Checked: Jul 22 at 5:25AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Rent Nearby
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.
