New Absolute NNN Retail
For Sale
Contact for pricing
381 E Laketon Ave, Muskegon, MI 49442
Recently built retail asset leased under an absolute NNN structure with no landlord responsibilities.
Property Size10,640 SF
Days on Market144
Property Features for 381 E Laketon Ave
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Net Operating Income
$97,367
Site & Location
Corner Location
Yes
Traffic Count
24,389 vehicles/day
Additional Details
Cap Rate
5.9%
Building Details
Year Built
2023
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 4:21PM
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.
Completed as a 2023 build-to-suit, this 10,640 SF Dollar General PLUS store is open and operating. The lease is structured as absolute NNN, placing landlord responsibilities at zero, and includes a 15-year initial term followed by five 5-year renewal options. Each option carries a 10% rental rate increase. Dollar General Corporation provides the lease guaranty and holds a BBB credit rating identified as investment grade.
The store occupies the signalized intersection of Wood Street and E Laketon Avenue in Muskegon, Michigan, with reported traffic of 24,389 cars per day. The surrounding area includes a five-mile population of 102,803 and a three-mile average household income of $46,017 per year. The property has operated since April 2023 and conveys fee simple ownership of the leased retail asset.
The store occupies the signalized intersection of Wood Street and E Laketon Avenue in Muskegon, Michigan, with reported traffic of 24,389 cars per day. The surrounding area includes a five-mile population of 102,803 and a three-mile average household income of $46,017 per year. The property has operated since April 2023 and conveys fee simple ownership of the leased retail asset.
Key Highlights
- 2023 build‑to‑suit Dollar General PLUS store totaling 10,640 SF
- 15‑year absolute NNN lease with zero landlord responsibilities
- Five 5‑year renewal options, each with a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Lease Details
24,389 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,629 visits/mo
0.1 miles
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
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 - Recently built retail asset leased under an absolute NNN structure with no landlord responsibilities.
Where is this nnn property located?
The property is located at 381 E Laketon Ave Muskegon, MI.
What are key features of this property?
This property features: 2023 build‑to‑suit Dollar General PLUS store totaling 10,640 SF; 15‑year absolute NNN lease with zero landlord responsibilities; Five 5‑year renewal options, each with a 10% rental rate increase
