Dollar General NNN
For Sale
Contact for pricing
130 9th Street, Morley, MI 49336
Corporate-guaranteed retail occupancy supports a hands-off ownership structure with scheduled renewal options.
Property Size9,100 SF
Days on Market145
Property Features for 130 9th Street
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$88,864
Additional Details
Cap Rate
6.5%
Building Details
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 7:51AM
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 SF Dollar General store in Morley, Michigan is subject to a 15-year absolute NNN lease, placing property-level operating responsibilities with the tenant. Rent commenced on 8/24/2018, and the agreement provides 5-year renewal options with a 10% rental rate increase at each option period.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified in the property information as investment grade. The store is positioned on W 9th St. near N Cass St. The offering also reports a 4,470 five-mile population and a two-mile average household income of $51,759 per year. The stated 6.5% cap rate is based on NOI of $88,864.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified in the property information as investment grade. The store is positioned on W 9th St. near N Cass St. The offering also reports a 4,470 five-mile population and a two-mile average household income of $51,759 per year. The stated 6.5% cap rate is based on NOI of $88,864.
Key Highlights
- 9,100 SF Dollar General store in Morley, Michigan
- 15‑year absolute NNN lease with zero landlord responsibilities
- 5‑year renewal options with a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 49336, MI
4,382
Population
1,701
Households
2.6
Avg Household Size
40
Median Age
10%
College-Educated
80%
High-School Grad
81.9 sq mi
ZIP Area
54
Density / Sq Mi
$54,861
Median Household Income
$36,298
Median Earnings
$985
Median Rent
$127,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed retail occupancy supports a hands-off ownership structure with scheduled renewal options.
Where is this nnn property located?
The property is located at 130 9th Street Morley, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store in Morley, Michigan; 15‑year absolute NNN lease with zero landlord responsibilities; 5‑year renewal options with a 10% rental rate increase
