New Dollar General NNN
For Sale
Contact for pricing
1420 E Main St, Niles, MI 49120
Corporate-backed absolute NNN lease with scheduled rent increases and multiple renewal options.
Property SizeContact for details
Days on Market143
Property Features for 1420 E Main St
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 12
Changed: Aug 31
Last Checked: Aug 30 at 3:56PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Located at 1420 E Main St in Niles, Michigan, this 10,640-square-foot Dollar General Plus store was completed and opened in October 2023. The property is leased under a 15-year absolute NNN structure, placing landlord obligations with the tenant under the stated lease terms.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating identified as investment grade. Contractual rent increases of 5% occur every 5 years, including during each of five 5-year renewal options. The site is positioned along E Main Street, which records 10,497 cars per day. Demographic data includes a 5-mile population of 36,160 and 1-mile average household income of $56,485 per year.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating identified as investment grade. Contractual rent increases of 5% occur every 5 years, including during each of five 5-year renewal options. The site is positioned along E Main Street, which records 10,497 cars per day. Demographic data includes a 5-mile population of 36,160 and 1-mile average household income of $56,485 per year.
Key Highlights
- 10,640 SF Dollar General Plus store completed and opened in October 2023
- 15‑year absolute NNN lease
- 5% rent increases every 5 years, including five 5‑year renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Shops & Services 27%
Dining 23%
Home Improvements & Furnishings 9%
Martin's Super Markets
Groceries
41,440 visits/mo
0.4 miles
Drive & Shine Car Wash
Shops & Services
13,467 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
11,211 visits/mo
0.3 miles
Long John Silver's
Dining
9,401 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
7,999 visits/mo
0.3 miles
Demographics for 49120, MI
37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
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 - Corporate-backed absolute NNN lease with scheduled rent increases and multiple renewal options.
Where is this nnn property located?
The property is located at 1420 E Main St Niles, MI.
What are key features of this property?
This property features: 10,640 SF Dollar General Plus store completed and opened in October 2023; 15‑year absolute NNN lease; 5% rent increases every 5 years, including five 5‑year renewal options
