526 N Cedar St Imlay City, MI 48444

This property features a 10,640 square foot Dollar General PLUS SIZE store in Imlay City, Michigan, constructed in 2021. The all-brick building operates under a Fifteen-Year Absolute NNN Lease, meaning zero landlord responsibilities. The lease includes 5% rent increases every five years, including at each of the five-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds an investment-grade credit rating of "BBB". The store has been open and operating since October 2021. The property is positioned on N Cedar Street, which sees 18,278 cars per day, and is just off of Old M-21, which sees 7,795 cars per day. It is adjacent to a Marathon gas station and across the street from a Rite Aid Pharmacy. The surrounding area has a ten-mile population of 36,278 and a three-mile average household income of $70,871 per year. Imlay City is located approximately 40 miles west of Port Huron, offering a small-town atmosphere with access to larger population centers. The city maintains six parks and provides recreational activities such as golfing, swimming, hiking, biking, and fishing.