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526 N Cedar St Imlay City, MI 48444

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For Lease
$1,568,957

New Dollar General in Imlay City with long-term NNN lease.

Building Details

Year built
2021

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Listing Contact
Bryan Bender
Bryan Bender
Source: Fortisnetlease

Listing Agent: Bryan Bender

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

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Overview

Imlay City Dollar General Investment

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.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Imlay City
County
Lapeer
State
Michigan
Longitude
-83.072156
Latitude
43.019717

FAQs

What type of property is this?
Grocery and convenience store - New Dollar General in Imlay City with long-term NNN lease.
Where is this grocery and convenience store located?
The property is located at 526 N Cedar St Imlay City, MI.
What are key features of this property?
This property features: - 15-Year Absolute NNN Lease with Zero Landlord Responsibilities, offering a completely passive investment.; - Investment Grade Credit Rating (BBB) from Dollar General Corporation, ensuring financial stability.; - Built-to-Suit (BTS) in 2021, featuring upgraded all-brick construction and a PLUS SIZE store format.
More about this property
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