Dollar General NNN Retail
For Sale
Contact for pricing
10608 S Dixie Hwy, Erie, MI 48133
Under-construction store positioned at the corner of S Dixie Hwy and Luna Pier Rd with a corporate lease guarantee.
Property SizeContact for details
Days on Market145
Property Features for 10608 S Dixie Hwy
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 9:34PM
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 is under construction at 10608 S Dixie Hwy in Erie, Michigan. The property is subject to a Fifteen (15) Year Absolute NNN Lease, with no landlord responsibilities identified in the lease structure. Dollar General Corporation provides the corporate guarantee and carries a “BBB” credit rating, classified as Investment Grade.
The store occupies the corner of S Dixie Hwy and Luna Pier Rd. Lease provisions include Five (5) Yr. renewal options, each carrying a 10% rental rate increase. Rent is scheduled to commence on 12/10/2018. The offering also includes a reported 6.80% cap rate based on NOI of $89,998.
The store occupies the corner of S Dixie Hwy and Luna Pier Rd. Lease provisions include Five (5) Yr. renewal options, each carrying a 10% rental rate increase. Rent is scheduled to commence on 12/10/2018. The offering also includes a reported 6.80% cap rate based on NOI of $89,998.
Key Highlights
- 9,100 SF Dollar General store under construction
- Fifteen (15) Year Absolute NNN Lease
- Five (5) Yr. renewal options with 10% rental rate increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,150 visits/mo
0.1 miles
Demographics for 48133, MI
5,500
Population
2,646
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
91%
High-School Grad
27.2 sq mi
ZIP Area
202
Density / Sq Mi
$65,867
Median Household Income
$45,274
Median Earnings
$851
Median Rent
$181,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Under-construction store positioned at the corner of S Dixie Hwy and Luna Pier Rd with a corporate lease guarantee.
Where is this nnn property located?
The property is located at 10608 S Dixie Hwy Erie, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store under construction; Fifteen (15) Year Absolute NNN Lease; Five (5) Yr. renewal options with 10% rental rate increases
