Absolute NNN Dollar General
For Sale
Contact for pricing
Pending
209 S Main, Scottville, MI 49454
Newly constructed grocery-format retail store occupied under a long-term corporate lease with scheduled rent increases.
Property Size12,480 SF
Days on Market142
Property Features for 209 S Main
General Information
Standard status
Pending
Size
12,480 SF
Property subtype
Special Purpose
Net Operating Income
$127,383
Site & Location
Traffic Count
3,218 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.65%
Building Details
Year Built
2023
Listing Agency:
Century 21 Bayshore Real Estate
(248) 419-3810
Listed By:
Michelle Anderson · License #MI
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Apr 11 at 2:38PM
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 Century 21 Bayshore Real Estate
Investment Insights
Based on property information with market context.
Completed in 2023 and opened in December, this 12,480-square-foot Dollar General Market occupies a freestanding retail building in Scottville, Michigan. The store serves a grocery-oriented format that includes produce and fresh meats, and the lease places property responsibilities with the tenant under an absolute NNN structure.
The lease term is 15 years, followed by five 5-year renewal options. Contractual rent increases of 5% occur every 5 years, including during each renewal option. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating. The property fronts S Main Street, which records 3,218 cars per day, near Hwy-10 with 10,831 cars per day. The surrounding 10-mile population is 23,924.
The lease term is 15 years, followed by five 5-year renewal options. Contractual rent increases of 5% occur every 5 years, including during each renewal option. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating. The property fronts S Main Street, which records 3,218 cars per day, near Hwy-10 with 10,831 cars per day. The surrounding 10-mile population is 23,924.
Key Highlights
- 12,480‑square‑foot Dollar General Market opened in December 2023
- 15‑year absolute NNN lease with five 5‑year renewal options
- 5% rent increases every 5 years, including each renewal option
Property Analytics
Property Profile
Current Use
Lease Details
3,218 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Dining 1%
Wesco
Shops & Services
11,942 visits/mo
0.3 miles
Dollar General
Shops & Services
3,636 visits/mo
0.1 miles
BP
Shops & Services
2,759 visits/mo
0.5 miles
Pizza Barn
Dining
257 visits/mo
0.4 miles
Demographics for 49454, MI
4,642
Population
2,122
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
64
Density / Sq Mi
$56,643
Median Household Income
$32,239
Median Earnings
$792
Median Rent
$174,000
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 - Newly constructed grocery-format retail store occupied under a long-term corporate lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 209 S Main Scottville, MI.
What are key features of this property?
This property features: 12,480‑square‑foot Dollar General Market opened in December 2023; 15‑year absolute NNN lease with five 5‑year renewal options; 5% rent increases every 5 years, including each renewal option
