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1420 E Main St Niles, MI 49120

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For Lease
$1,731,135

New Dollar General Plus store in Niles, Michigan for rent.

Building Details

Year built
2023

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Listing Contact
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

New Dollar General Plus Store

This 10,640 SF Dollar General Plus store is located in Niles, Michigan. Constructed in 2023, the property is secured with a 15-year Absolute NNN Lease, leaving zero landlord responsibilities. The lease includes 5% rent increases every 5 years, including at each of the five 5-year options to renew. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of "BBB". The store opened in October 2023. The Dollar General is positioned on E Main Street, which sees 11,101 cars per day. The location is within a 5-mile radius of 34,114 residents, and the 1-mile average household income is $55,911 per year. The property features a concrete parking lot. Niles is located near South Bend, Indiana, on the banks of the St. Joseph River. The city has a walkable downtown area with shops, stores, restaurants, and business institutions. Main Street leads to Riverfront Park, which stretches along the St. Joseph River and offers a trail, fishing, park equipment, and an amphitheater.
Location Intelligence

Current Use by Public Records

Dollar General Grocery Store

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Similar Places Nearby

Martin's Super Market

Location Insight

  • Map
  • Local Demand
City
Niles
County
Berrien
State
Michigan
Longitude
-86.241455
Latitude
41.822845

FAQs

What type of property is this?
Grocery and convenience store - New Dollar General Plus store in Niles, Michigan for rent.
Where is this grocery and convenience store located?
The property is located at 1420 E Main St Niles, MI.
What are key features of this property?
This property features: - 15-Year Absolute NNN Lease with Zero Landlord Responsibilities; - Corporate Guarantee by Dollar General Corporation with Investment Grade “BBB” Credit Rating; - Attractive 6.55% Cap Rate based on NOI of $113,389.32
More about this property
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