Dollar General NNN
For Sale
Contact for pricing
9442 N Six Lakes Rd., Six Lakes, MI 48886
Absolute NNN lease includes renewal options and scheduled rental increases, limiting landlord obligations.
Property Size9,100 SF
Days on Market144
Property Features for 9442 N Six Lakes Rd.
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$85,726
Additional Details
Cap Rate
6.5%
Traffic Count
3,676 vehicles/day
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 5:35PM
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-square-foot Dollar General store in Six Lakes, Michigan, is nearing completion and began rent commencement in March 2019. The property is leased under a 15-year absolute NNN structure, with four 5-year renewal options and a 10% rental increase during each option period. Dollar General Corporation provides the lease guarantee and carries a BBB investment-grade credit rating.
The store is positioned along 6 Lakes Road, also designated M-66, with reported traffic of 3,676 cars per day. The five-mile population is 4,456, and average household income within two miles exceeds $51,539 annually. The offering includes fee simple ownership and may accommodate investors seeking a 1031 exchange or passive ownership structure. The stated cap rate is 6.5%, based on NOI of $85,726.
The store is positioned along 6 Lakes Road, also designated M-66, with reported traffic of 3,676 cars per day. The five-mile population is 4,456, and average household income within two miles exceeds $51,539 annually. The offering includes fee simple ownership and may accommodate investors seeking a 1031 exchange or passive ownership structure. The stated cap rate is 6.5%, based on NOI of $85,726.
Key Highlights
- 9,100 SF Dollar General store in Six Lakes, MI
- 15‑year absolute NNN lease with zero landlord responsibilities
- Four 5‑year renewal options, each with a 10% rental rate increase
Property Analytics
Current Use
Lease Details
3,676 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 48886, MI
2,062
Population
975
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
95%
High-School Grad
31.3 sq mi
ZIP Area
66
Density / Sq Mi
$66,360
Median Household Income
$34,360
Median Earnings
$1,111
Median Rent
$124,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease includes renewal options and scheduled rental increases, limiting landlord obligations.
Where is this nnn property located?
The property is located at 9442 N Six Lakes Rd. Six Lakes, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store in Six Lakes, MI; 15‑year absolute NNN lease with zero landlord responsibilities; Four 5‑year renewal options, each with a 10% rental rate increase
