Building Details

Year Built 1976

Year Renovated 2004

Buildings 1

Stories 1

Units 1

Tenancy Single

Listing Agency: Colliers - Royal Oak/Detroit, Michigan j***@colliers.com Show Phone

Listed By: Jordan Woodcock · License #MI 6501373633

Source: Crexi

Added: Jan 31, 2025 Changed: Aug 30 Last Checked: Aug 31 at 6:32PM

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Investment Insights

Based on property information with market context.

This 13,895-square-foot commercial property is leased on a single-tenant NNN basis to Dollar General. The tenancy includes a corporate guarantee, and the tenant carries an S&P BBB investment-grade rating. The lease has maintained occupancy for more than 20 years, providing an established operating history.

A 5-year option was recently exercised, with two additional 5-year options remaining. The property is located at 20260 Gratiot Rd in Merrill, Michigan, and is identified as the only dollar store in town.

Key Highlights

• 13,895 SF single‑tenant NNN property
• Dollar General corporate guarantee
• Investment‑grade tenant with S&P BBB rating

Property Analytics

Property Profile

Current Use

FedEx OnSite Postal Service Western Union Bank Dollar General Discount Store

Suggested Use

Top Pick HVAC Service Auto Repair Shop Dental Office Storage Facility Grocery & Convenience Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 48637, MI

3,120

Population

1,319

Households

2.4

Avg Household Size

44

Median Age

16%

College-Educated

95%

High-School Grad

70.9 sq mi

ZIP Area

44

Density / Sq Mi

$63,900

Median Household Income

$41,509

Median Earnings

$736

Median Rent

$140,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant retail asset featuring a corporate guarantee, investment-grade occupancy, and an NNN lease structure.

Where is this nnn property located?

The property is located at 20260 Gratiot Rd Merrill, MI.

What is the asking price?

The asking price for this property is $605,000.

What are key features of this property?

This property features: 13,895 SF single‑tenant NNN property; Dollar General corporate guarantee; Investment‑grade tenant with S&P BBB rating