Dollar General NNN Investment
10600 East Rd Burt, MI 48417
For Sale
$1,285,457
NNN Dollar General in Burt, MI with 15-year lease.
Property Size9,026 SF
Price / SF$142.42
Days on Market245
Property Features for 10600 East Rd
General Information
- Standard status
- Active
- Size
- 9,026 SF
- Property subtype
- Retail
Listing Agency:
SVN | Silveri Company
(616) 893-1398
Listed By:
Peter Colvin · License #6501197270
(616) 893-1398
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 23 at 5:40AM
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, near attractions such as Frankenmuth, Birch Run Premium Outlets, and Birch Run Speedway. Constructed and opened in 2017, the property has a 15-year base term expiring on 9/30/2032. The lease includes five renewal options of 5 years each, with a 10% rent increase per option. The lease is an absolute triple net lease, with Dollar General responsible for all maintenance, repairs, and replacements. The store serves a surrounding population of over 55,000 people within a 10-mile radius. The property size is 9026 square feet. A Phase 1 Environmental Report and ALTA Survey are available.
Key Highlights
- NNN Lease: Absolute triple net lease with Dollar General, tenant handles all maintenance.
- Long‑Term Lease: Enjoy a secure income stream with a 15‑year base term through 2032.
- Renewal Options: Benefit from five renewal options of 5 years each, featuring 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
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Grocery and convenience store - NNN Dollar General in Burt, MI with 15-year lease.
Where is this grocery and convenience store located?
The property is located at 10600 East 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: NNN Lease: Absolute triple net lease with Dollar General, tenant handles all maintenance.; Long‑Term Lease: Enjoy a secure income stream with a 15‑year base term through 2032.; Renewal Options: Benefit from five renewal options of 5 years each, featuring a 10% rent increase.
