Dollar General NNN Retail
For Sale
Contact for pricing
818 Gratiot Blvd, Marysville, MI 48040
Operating store supported by an absolute NNN lease, renewal options, and a corporate guaranty from Dollar General Corporation.
Property Size9,100 SF
Days on Market144
Property Features for 818 Gratiot Blvd
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$85,578
Additional Details
Cap Rate
6.7%
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 30 at 10:24AM
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 Marysville, Michigan, is subject to a 15-year absolute NNN lease, placing landlord responsibilities with the tenant under the stated lease structure. Rent commenced on 1/10/2015, and the agreement includes five-year renewal options with 10% rental rate increases. Dollar General Corporation provides the lease guaranty and carries a BBB credit rating identified as investment grade.
The property is positioned on Gratiot Blvd and serves a five-mile population of 43,231. The store is classified as a relocation store and is currently open. The offering includes fee simple ownership of the retail property and reflects a 6.70% cap rate based on the stated NOI, with no monetary figures included here.
The property is positioned on Gratiot Blvd and serves a five-mile population of 43,231. The store is classified as a relocation store and is currently open. The offering includes fee simple ownership of the retail property and reflects a 6.70% cap rate based on the stated NOI, with no monetary figures included here.
Key Highlights
- 9,100 SF Dollar General store in Marysville, MI
- 15‑year absolute NNN lease with zero landlord responsibilities
- 5 (5) Yr. Options to renew with 10% rental rate increases
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Dollar General
Shops & Services
7,444 visits/mo
0.1 miles
SUBWAY
Dining
2,075 visits/mo
0.2 miles
Demographics for 48040, MI
9,994
Population
4,588
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
1,448
Density / Sq Mi
$69,661
Median Household Income
$45,365
Median Earnings
$955
Median Rent
$185,500
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 - Operating store supported by an absolute NNN lease, renewal options, and a corporate guaranty from Dollar General Corporation.
Where is this nnn property located?
The property is located at 818 Gratiot Blvd Marysville, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store in Marysville, MI; 15‑year absolute NNN lease with zero landlord responsibilities; 5 (5) Yr. Options to renew with 10% rental rate increases
