Dollar General NNN
For Sale
Contact for pricing
14128 Nine Mile Road, Kaleva, MI 49645
Freestanding retail store leased under an absolute NNN structure with renewal options and corporate tenant backing.
Property Size9,100 SF
Days on Market145
Property Features for 14128 Nine Mile Road
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$83,960
Additional Details
Cap Rate
6.5%
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 10
Changed: Aug 31
Last Checked: Aug 30 at 4:25AM
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.
Located at 14128 Nine Mile Road in Kaleva, Michigan, this 9,100 SF Dollar General store was nearing completion when rent was scheduled to begin in February 2019. The property is subject to a 15-year absolute NNN lease, placing landlord responsibilities with the tenant under the stated lease structure.
The agreement includes 4 (5) Yr. renewal options, each providing a 10% rental rate increase. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating, identified in the source information as investment grade. The site is positioned on Nine Mile Road, with a ten-mile population of 8,444 and a three-mile average household income of $43,251 per year. The offering is also identified as suitable for 1031 exchange buyers.
The agreement includes 4 (5) Yr. renewal options, each providing a 10% rental rate increase. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating, identified in the source information as investment grade. The site is positioned on Nine Mile Road, with a ten-mile population of 8,444 and a three-mile average household income of $43,251 per year. The offering is also identified as suitable for 1031 exchange buyers.
Key Highlights
- 9,100 SF Dollar General store at 14128 Nine Mile Road
- 15‑year absolute NNN lease with zero landlord responsibilities
- 4 (5) Yr. renewal options, each with a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 49645, MI
1,742
Population
1,117
Households
1.6
Avg Household Size
48
Median Age
14%
College-Educated
87%
High-School Grad
44.3 sq mi
ZIP Area
39
Density / Sq Mi
$45,000
Median Household Income
$28,269
Median Earnings
$948
Median Rent
$129,300
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 - Freestanding retail store leased under an absolute NNN structure with renewal options and corporate tenant backing.
Where is this nnn property located?
The property is located at 14128 Nine Mile Road Kaleva, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store at 14128 Nine Mile Road; 15‑year absolute NNN lease with zero landlord responsibilities; 4 (5) Yr. renewal options, each with a 10% rental rate increase
