NNN Property with New
For Sale
Contact for pricing
1160 W Lansing Rd, Morrice, MI 48857
Corporate-guaranteed lease supports a recently opened Dollar General Market with upgraded construction and grocery offerings.
Property Size12,480 SF
Days on Market143
Property Features for 1160 W Lansing Rd
General Information
Standard status
Active
Size
12,480 SF
Property subtype
Retail
Site & Location
Traffic Count
5,509 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
(678) 808-2762
Listed By:
Don McMinn · License #GA 292036
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 7:56PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This NNN property contains a 12,480 SF upgraded-construction Dollar General Market that opened and began generating rent in March 2024. The store combines Dollar General’s general merchandise with fresh produce, milk, meats, and other grocery products. A new 15-year corporate-guaranteed NNN lease provides 5% rent increases every 5 years during the initial term and options. The tenant is responsible for taxes, insurance, CAM, roof, and structural expenses.
The property is directly accessible from Interstate 69, which records 27,834 VPD, and fronts W Lansing Rd, with 5,509 VPD. Located at 1160 W Lansing Rd in Morrice, Michigan, the site is approximately 25 minutes northeast of downtown Lansing and forms part of the Lansing MSA. Dollar General is publicly traded on the NYSE under DG and carries an S&P BBB credit rating.
The property is directly accessible from Interstate 69, which records 27,834 VPD, and fronts W Lansing Rd, with 5,509 VPD. Located at 1160 W Lansing Rd in Morrice, Michigan, the site is approximately 25 minutes northeast of downtown Lansing and forms part of the Lansing MSA. Dollar General is publicly traded on the NYSE under DG and carries an S&P BBB credit rating.
Key Highlights
- 12,480 SF upgraded‑construction Dollar General Market
- New 15‑year corporate‑guaranteed NNN lease
- 5% rent increases every 5 years in the initial lease and options
Property Analytics
Property Profile
Current Use
Lease Details
5,509 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 48857, MI
2,521
Population
1,259
Households
2
Avg Household Size
42
Median Age
12%
College-Educated
96%
High-School Grad
24.6 sq mi
ZIP Area
102
Density / Sq Mi
$81,319
Median Household Income
$40,431
Median Earnings
$1,223
Median Rent
$130,300
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 lease supports a recently opened Dollar General Market with upgraded construction and grocery offerings.
Where is this nnn property located?
The property is located at 1160 W Lansing Rd Morrice, MI.
What are key features of this property?
This property features: 12,480 SF upgraded‑construction Dollar General Market; New 15‑year corporate‑guaranteed NNN lease; 5% rent increases every 5 years in the initial lease and options
