Dollar General NNN
For Sale
Contact for pricing
1510 S Hanover St., Hastings, MI 49058
Corporate-backed occupancy and an absolute NNN lease support a low-management ownership structure.
Property Size9,100 SF
Days on Market145
Property Features for 1510 S Hanover St.
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$86,840
Additional Details
Cap Rate
6.5%
Building Details
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 12:59PM
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-square-foot Dollar General store is leased under a 15-year absolute NNN agreement, with no landlord responsibilities identified in the lease structure. The store is open, and rent began on 7/29/18. Renewal provisions provide five-year options, each carrying a 10% rental increase. Dollar General Corporation provides the lease guaranty and holds a BBB credit rating, identified as investment grade in the property information.
The property is located at 1510 S. Hanover St. in Hastings, Michigan, with positioning off S. Hanover St. and visibility from that corridor. Demographic data includes a five-mile population of 14,806 and one-mile average household income of $53,288 per year. The asset offers fee-simple ownership under a corporate-backed retail lease structure.
The property is located at 1510 S. Hanover St. in Hastings, Michigan, with positioning off S. Hanover St. and visibility from that corridor. Demographic data includes a five-mile population of 14,806 and one-mile average household income of $53,288 per year. The asset offers fee-simple ownership under a corporate-backed retail lease structure.
Key Highlights
- 9,100 SF Dollar General store in Hastings, MI
- 15‑year absolute NNN lease with no landlord responsibilities
- Five‑year renewal options with a 10% rental increase per option
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Dollar General
Shops & Services
11,044 visits/mo
0.2 miles
Marathon Petroleum
Shops & Services
4,617 visits/mo
0.3 miles
Three Brothers Pizza
Dining
1,288 visits/mo
0.1 miles
Demographics for 49058, MI
19,422
Population
8,337
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
147.6 sq mi
ZIP Area
132
Density / Sq Mi
$71,169
Median Household Income
$40,868
Median Earnings
$928
Median Rent
$210,600
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 occupancy and an absolute NNN lease support a low-management ownership structure.
Where is this nnn property located?
The property is located at 1510 S Hanover St. Hastings, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store in Hastings, MI; 15‑year absolute NNN lease with no landlord responsibilities; Five‑year renewal options with a 10% rental increase per option
