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    10881 M 72 E Kalkaska, MI 49646

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    For Sale
    $1,220,000

    Single tenant Dollar General with absolute NNN lease structure.

    Property size:
    10,640 SF
    Lot size:
    1.02 Acres

    Property Features for 10881 M 72 E

    General Information

    Size
    10,640 SF
    Lot size
    1.02 Acres

    Source: Legacy Real Estate Advisors Agent Elisabeth Addison

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

    Overview

    Freestanding Dollar General in Kalkaska

    This property features a single tenant Dollar General located in Kalkaska, MI. The lease structure is absolute NNN, meaning there are zero landlord responsibilities. Dollar General, ranked #128 on the Fortune 500 and NYSE listed (DG), reported revenues north of $39 billion for FY2023, representing a 7.56% increase year-over-year. Dollar General holds an investment grade credit rating of "BBB" with S&P and a positive/stable outlook. The property is positioned as an essential retail location, resistant to internet commerce trends, pandemics, and economic recessions. The property is 10,640 square feet. It is located a 46 minute drive to Cherry Capital Airport (36.9 Mile Distance). There is a projected +8.14% population growth in the next 5 years within 1 mile radius of the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Bar & Pub Hotel & Motel Grocery Store Food Market Convenience Store Electrical Service Storage Facility Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalkaska
    County
    Kalkaska
    State
    Michigan
    Longitude
    -84.944834
    Latitude
    44.710936

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    FAQs

    What type of property is this?
    Grocery and convenience store - Single tenant Dollar General with absolute NNN lease structure.
    Where is this grocery and convenience store located?
    The property is located at 10881 M 72 E Kalkaska, MI.
    What is the asking price?
    The asking price for this property is $1,220,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease Structure with Zero Landlord Responsibilities; - Dollar General Holds an Investment Grade Credit Rating of "BBB" With S&P; - Dollar General (NYSE: DG), Ranked #128 on the Fortune 500, Reported Revenues North of $39 Billion for FY2023
    (248) 728-4698
    Request Owner's contact information
    10881 M 72 E Kalkaska, MI 49646
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    Kalkaska, MI 49646
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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
    10881 M 72 E Kalkaska, MI 49646
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