New Dollar General Plus
1420 E Main St, Niles, MI 49120
- Added:
- Jan 27, 2026
- Days on Market:
- 115
- Last Refresh:
- Jan 12 at 7:31 pm
Property Features for 1420 E Main St
General Information
- Standard status
- Active
- Size
- 10,640 SF
Building Details
- Year Built
- 2023
Listing agent Bryan Bender License #6501319610 (734) 755-6359
Listing office Fortis Net Lease (734) 755-6359
Listing date Jan 27, 2026
Source Fortisnetlease
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
HighLights
- 15‑Year Absolute NNN Lease with Zero Landlord Responsibilities
- Corporate Guarantee by Dollar General Corporation with Investment Grade “BBB” Credit Rating
- Attractive 6.55% Cap Rate based on NOI of $113,389.32
- 5% Rent Increases Every 5 Years, including option periods
- New 2023 Construction 'Plus' Size Store
- Strategically Located on E Main Street with High Visibility and Traffic Count
Overview
This 10,640 SF Dollar General Plus store is located in Niles, Michigan. Constructed in 2023, the property is secured with a 15-year Absolute NNN Lease, leaving zero landlord responsibilities. The lease includes 5% rent increases every 5 years, including at each of the five 5-year options to renew. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of "BBB". The store opened in October 2023. The Dollar General is positioned on E Main Street, which sees 11,101 cars per day. The location is within a 5-mile radius of 34,114 residents, and the 1-mile average household income is $55,911 per year. The property features a concrete parking lot. Niles is located near South Bend, Indiana, on the banks of the St. Joseph River. The city has a walkable downtown area with shops, stores, restaurants, and business institutions. Main Street leads to Riverfront Park, which stretches along the St. Joseph River and offers a trail, fishing, park equipment, and an amphitheater.
Location Intelligence
Current Use by Public Records
Dollar General
Grocery & Convenience Store
Similar Places Nearby
- Martin's Super Market — 720 S 11th St, Niles, MI 49120
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Berrien
- State
- Michigan
- Longitude
- -86.2415
- Latitude
- 41.8228
Nearby Similar for Lease
FAQs
What type of property is this?
Grocery and convenience store - New Dollar General Plus store in Niles, Michigan for rent.
Where is this grocery and convenience store located?
The property is located at 1420 E Main St Niles, MI.
What is the lease rate?
The lease rate is $1,731,135.
What are key features of this property?
This property features: 15‑Year Absolute NNN Lease with Zero Landlord Responsibilities; Corporate Guarantee by Dollar General Corporation with Investment Grade “BBB” Credit Rating; Attractive 6.55% Cap Rate based on NOI of $113,389.32
