Dollar General NNN
For Sale
Contact for pricing
12027 McKinley Rd, Rodney, MI 49342
Corporate-backed retail tenancy is structured under an absolute NNN lease.
Property Size9,100 SF
Days on Market142
Property Features for 12027 McKinley Rd
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$81,342
Additional Details
Cap Rate
6.25%
Traffic Count
3,120 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 9:31PM
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 9,100-square-foot Dollar General store in Rodney, MI is offered with an absolute NNN lease and an operating tenancy. The lease began on 4/17/2020 and assigns landlord responsibilities to the tenant. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating, classified as investment grade.
The lease provides 4 (5) Yr. options to renew, with each option including a 10% rental rate increase. Positioned along McKinley Road, the property records 3,120 cars per day. Demographic data includes a ten-mile population of 32,520, three-mile average household income of $73,133 per year, and five-mile population growth of 3.80%. The offering is identified as suitable for a 1031 exchange buyer or passive investor, with a 6.25% cap rate.
The lease provides 4 (5) Yr. options to renew, with each option including a 10% rental rate increase. Positioned along McKinley Road, the property records 3,120 cars per day. Demographic data includes a ten-mile population of 32,520, three-mile average household income of $73,133 per year, and five-mile population growth of 3.80%. The offering is identified as suitable for a 1031 exchange buyer or passive investor, with a 6.25% cap rate.
Key Highlights
- 9,100 SF Dollar General store at 12027 McKinley Rd, Rodney, MI 49342
- 15‑year Absolute NNN Lease
- Corporate guarantee from Dollar General Corporation with a BBB credit rating
Property Analytics
Property Profile
Current Use
Lease Details
3,120 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 49342, MI
1,527
Population
893
Households
1.7
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
39.6 sq mi
ZIP Area
39
Density / Sq Mi
$50,132
Median Household Income
$29,157
Median Earnings
$963
Median Rent
$142,300
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 - Corporate-backed retail tenancy is structured under an absolute NNN lease.
Where is this nnn property located?
The property is located at 12027 McKinley Rd Rodney, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store at 12027 McKinley Rd, Rodney, MI 49342; 15‑year Absolute NNN Lease; Corporate guarantee from Dollar General Corporation with a BBB credit rating
