31445 Northwestern Hwy Farmington Hills, MI 48334

Listing agency Fortis Net Lease b***@fortisnetlease.com Show Phone

Listed by Bryan Bender · License #MI 6501319610

Source Crexi

Added: Apr 11 Updated: Jul 22 at 10:51AM Checked: Jul 22 at 10:51AM

Report an Issue

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.

Fortis Net Lease presents a 28-store Dollar General portfolio with locations across AR, IA, IN, KY, LA, MI, NC, NM, NY, OH, PA, and TN. Each site is covered by a Fifteen (15) Year Absolute NNN Lease, designed to leave zero landlord responsibilities, with five (5) year renewal options that provide a 10% rental rate increase.

Rent commencement is staggered, with four sites starting in 2019, 13 sites starting in 2020, and the remaining 11 starting in 2021. The leases are corporately guaranteed by Dollar General Corporation, which is described as investment grade (S&P “BBB”). Several buildings are newer construction, built-to-suit (BTS), per the offering materials.

The portfolio can be purchased as a whole or in smaller packages. For one set of market context, the 3-mile household income average is listed as $67,437.

Key Highlights

• 28‑store Dollar General portfolio with sites in AR, IA, IN, KY, LA, MI, NC, NM, NY, OH, PA, and TN
• 15‑year absolute NNN leases secured with zero landlord responsibilities
• Rent commencement: 4 sites in 2019, 13 sites in 2020, and 11 sites in 2021

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,500,000

  10,812 SF

  Medical Office Building with Parking

  Two levels of medical office space with curb cuts, parking, and signage for efficient patient access and visibility.

  23900 Orchard Lake Road, Farmington Hills, MI 48336

  View Details
• 

  $500,000

  5,416 SF

  Commercial Property with Façade Grant Approval

  Approved City of Farmington Hills façade improvement grant up to $30,000 for eligible exterior, signage, and curb appeal upgrades.

  28728 GRAND RIVER Avenue Unit SourceFi, Farmington Hills, MI 48336

  View Details
• 

  $595,000

  2,400 SF

  Farmington Hills Retail Space Available

  Retail space in Farmington Hills with high traffic exposure.

  31799 Middlebelt Road, Farmington Hills, MI 48334

  View Details
• 

  $2,042,553

  9,800 SF

  Medical Office Building with DSO Guarantee

  For sale medical office property backed by a corporate guarantee from a national dental DSO.

  31700 W 12 Mile Road, Farmington Hills, MI 48334

  View Details
• 

  $1,150,000

  8,950 SF

  Single-Story Office Building with Generator

  Single-story office building offers an available suite plus parking, recently updated exterior lighting, and a full building backup generator.

  32781-32783 Middlebelt Rd, Farmington Hills, MI 48334

  View Details
• 

  $161,100

  1,611 SF

  Medical Condo Unit

  Expansive medical condo with professional property management and immediate availability, with quick access to I-696 and I-275.

  32905 W 12 Mile Rd, Farmington Hills, MI 48334

  View Details
• 

  $2,400,000

  13,120 SF

  Renovated, Fully Leased Apartment Building

  16-unit, one-bedroom apartment building built in 1986 and fully leased, renovated and zoned RC2.

  23210 Middlebelt Rd, Farmington Hills, MI 48336

  View Details
• 

  $1,899,000

  63,804 SF

  Two-Building Office Complex

  Two-building office complex totaling 63,804 SF, offered for sale in Farmington Hills, Michigan.

  32969 Hamilton Ct, Farmington Hills, MI 48334

  View Details
• 

  $925,000

  3,238 SF

  Retail Shop Space with Grade Doors

  Available retail/shop space features four grade level doors and 14-foot ceilings for flexible showroom-ready setups.

  30400 Grand River Ave, Farmington Hills, MI 48336

  View Details
• 

  $416,000

  3,200 SF

  Light Industrial Clear-Span Warehouse

  Fully leased 3,200 SF light industrial clear-span warehouse features 14' ceiling height and fenced yard with grade-level doors.

  32424 Eight Mile Road, Farmington Hills, MI 48335

  View Details
• 

  $324,900

  3,000 SF

  Office/Retail Building with Split Potential

  3,000 sq. ft. office/retail building on Eight Mile Road can be split into two units.

  27510-27512 Eight Mile, Farmington Hills, MI 48336

  View Details
• 

  $1,300,000

  5,790 SF

  Auto Dealer Opportunity in Farmington

  Prime location with renovated facility and high traffic volume.

  28975 Grand River Ave, Farmington Hills, MI

  View Details

FAQs

What type of property is this?

NNN property - Portfolio of 28 Dollar General stores secured by 15-year absolute NNN leases and a corporate guaranty from Dollar General.

Where is this nnn property located?

The property is located at 31445 Northwestern Hwy Farmington Hills, MI.

What are key features of this property?

This property features: 28‑store Dollar General portfolio with sites in AR, IA, IN, KY, LA, MI, NC, NM, NY, OH, PA, and TN; 15‑year absolute NNN leases secured with zero landlord responsibilities; Rent commencement: 4 sites in 2019, 13 sites in 2020, and 11 sites in 2021