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    18529 Ln Porte Rd New Buffalo, MI

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    For Sale
    $1,280,000

    100% occupied NNN center with long-term stability.

    Property size:
    13,814 SF
    Lot size:
    1.41 Acres

    Property Features for 18529 Ln Porte Rd

    General Information

    Size
    13,814 SF
    Lot size
    1.41 Acres

    Source: Cooper Commercial Investment Group Agent Dan Cooper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Anchored Retail Center

    This 13,814 square foot retail center is anchored by Dollar General (S&P BBB) and is ideally positioned between a highway exit and New Buffalo’s high tourism beach town. The property is 100% occupied with NNN leases and below-market rental rates, as well as annual rental increases from Al Fuego. Dollar General has an early lease extension, and Al Fuego recently signed a 10-year lease extending to 2033, creating long-term stability. The location benefits from a strong employment base and a tourist area with a solid and growing residential year-round community, with average household incomes of $126,175 within a 5-mile radius. Located on a main roadway (Harbor Country Road) with its own exit off I-94, the property is positioned between the exit and the beach, making it extremely successful for last-minute beach items, snacks, and meals. The anchor tenant, Dollar General (Fortune 500 Company - NYSE: DG, Moody’s “Baa3”, S&P “BBB”) has a revenue of $40.612B, a 4.96% increase over the previous year (2024).
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    New Buffalo
    County
    Berrien
    State
    Michigan
    Longitude
    -86.7439154
    Latitude
    41.7939302

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    FAQs

    What type of property is this?
    Strip mall - 100% occupied NNN center with long-term stability.
    Where is this strip mall located?
    The property is located at 18529 Ln Porte Rd New Buffalo, MI.
    What is the asking price?
    The asking price for this property is $1,280,000.
    What are key features of this property?
    This property features: - Dollar General (S&P BBB) Anchored Retail Center in High Tourism Area; - 100% Occupied NNN Center with Below Market Rental Rates and Annual Rental Increases; - Early Lease Extension from Dollar General and Recent 10-Year Lease from Al Fuego (2031 & 2033)
    (216) 562-1981
    Request Owner's contact information
    18529 Ln Porte Rd New Buffalo, MI
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    New Buffalo, MI
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18529 Ln Porte Rd New Buffalo, MI
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