Absolute NNN Retail
For Sale
Contact for pricing
2449 Territorial Rd, Benton Harbor, MI 49022
New construction retail asset leased to Dollar General Market under an absolute NNN structure.
Property Size10,640 SF
Days on Market142
Property Features for 2449 Territorial Rd
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Net Operating Income
$109,265
Site & Location
Traffic Count
4,828 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.65%
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 12
Changed: Aug 31
Last Checked: Aug 30 at 12:53AM
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 2449 Territorial Rd in Benton Harbor, Michigan, this 10,640-square-foot Dollar General Market is currently under construction. The store is scheduled to open and begin generating rent in June 2024. Dollar General Market locations offer produce and fresh meats in addition to conventional discount retail merchandise.
The property is subject to a 15-year absolute NNN lease, with five-year rent escalations of 5% and five additional five-year renewal options. The lease is guaranteed by Dollar General Corporation, which carries a BBB credit rating. The site is positioned near an I-94 exit and fronts Territorial Road, with reported traffic counts of 60,737 vehicles per day on I-94 and 4,828 vehicles per day on Territorial Road.
The property is subject to a 15-year absolute NNN lease, with five-year rent escalations of 5% and five additional five-year renewal options. The lease is guaranteed by Dollar General Corporation, which carries a BBB credit rating. The site is positioned near an I-94 exit and fronts Territorial Road, with reported traffic counts of 60,737 vehicles per day on I-94 and 4,828 vehicles per day on Territorial Road.
Key Highlights
- 10,640‑square‑foot Dollar General Market under construction
- 15‑year absolute NNN lease
- 5% rent increases every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
4,828 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 49022, MI
30,143
Population
14,484
Households
2.1
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
67.3 sq mi
ZIP Area
448
Density / Sq Mi
$39,859
Median Household Income
$29,530
Median Earnings
$797
Median Rent
$140,500
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 - New construction retail asset leased to Dollar General Market under an absolute NNN structure.
Where is this nnn property located?
The property is located at 2449 Territorial Rd Benton Harbor, MI.
What are key features of this property?
This property features: 10,640‑square‑foot Dollar General Market under construction; 15‑year absolute NNN lease; 5% rent increases every 5 years
