New Dollar General NNN
For Sale
Contact for pricing
12009 N Woodbridge Ave, Bitely, MI 49309
Recently completed retail building occupied under a long-term absolute NNN lease with corporate tenant backing.
Property Size10,640 SF
Days on Market140
Property Features for 12009 N Woodbridge Ave
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Net Operating Income
$96,159
Site & Location
Corner Location
Yes
Traffic Count
3,522 vehicles/day
Additional Details
Cap Rate
7%
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 5:47PM
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 10,640-square-foot Dollar General Plus retail property opened for business in August 2023. The building is leased under a 15-year absolute NNN structure, placing landlord responsibility for property expenses with the tenant. The agreement includes five 5-year renewal options, with 10% rent increases at each option period, and carries a corporate guarantee from Dollar General Corporation, which has a BBB investment-grade credit rating.
The store occupies the hard corner of W 15 Mile Road and Woodbridge Avenue in Bitely, Michigan. The intersection records 3,522 cars per day, and the nearest competing dollar store is 6 miles away. The 10-mile population is 8,158, while the 10-mile population growth rate is 5.44%.
The store occupies the hard corner of W 15 Mile Road and Woodbridge Avenue in Bitely, Michigan. The intersection records 3,522 cars per day, and the nearest competing dollar store is 6 miles away. The 10-mile population is 8,158, while the 10-mile population growth rate is 5.44%.
Key Highlights
- 10,640 SF Dollar General Plus store opened in August 2023
- 15‑year absolute NNN lease with five 5‑year renewal options
- 10% rent increases apply at each renewal option
Property Analytics
Current Use
Lease Details
3,522 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,155 visits/mo
0.1 miles
Demographics for 49309, MI
1,839
Population
2,025
Households
0.9
Avg Household Size
53
Median Age
13%
College-Educated
90%
High-School Grad
127.4 sq mi
ZIP Area
14
Density / Sq Mi
$42,976
Median Household Income
$24,703
Median Earnings
$713
Median Rent
$124,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Recently completed retail building occupied under a long-term absolute NNN lease with corporate tenant backing.
Where is this nnn property located?
The property is located at 12009 N Woodbridge Ave Bitely, MI.
What are key features of this property?
This property features: 10,640 SF Dollar General Plus store opened in August 2023; 15‑year absolute NNN lease with five 5‑year renewal options; 10% rent increases apply at each renewal option
