10464 Old 27 S Gaylord, MI 49735

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.