Dollar General Anchored Shopping
For Sale
Contact for pricing
25205 Gratiot Ave, Roseville, MI 48066
24,887 SF shopping center anchored by Dollar General.
Property Size24,887 SF
Price / SF$116.53
Days on Market1350
Property Features for 25205 Gratiot Ave
General Information
Standard status
Active
Size
24,887 SF
Class
C
Property subtype
Retail
Zoning
B-3
Net Operating Income
$203,419
Building Details
Year Built
1960
Year Renovated
1981
Stories
1
Listing Agency:
Thomas Duke Company
(248) 476-3700
Listed By:
Andrew Battersby · License #6501384188
Source:
Crexi
Added: Dec 15, 2022
Changed: Aug 21
Last Checked: Aug 25 at 1:03PM
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 Thomas Duke Company
Investment Insights
Based on property information with market context.
This commercial real estate offering is a 24,887 square foot shopping center anchored by Dollar General. The property is located in Roseville, Michigan.
Key Highlights
- Dollar General Anchored Shopping Center
- 24,887 SF Shopping Center for sale
- Located in Roseville, MI
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$183,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,679,300
$3.7M
Cap Rate 7%
$2,628,071
$2.6M
Cap Rate 9%
$2,044,056
$2.0M
Market Conditions
NOI Build-Up for 24,887 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$298.6K $12.00/SF
− Vacancy
−$35.8K −$1.44/SF
EGI
$262.8K $10.56/SF
− OpEx
−$78.8K −$3.17/SF
NOI
$184.0K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,679,300
Cap Rate 7%
$2,628,071
Cap Rate 9%
$2,044,056
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $183,965 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.44M
NOI $326,147 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 33%
Groceries 17%
Aldi
Groceries
23,144 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,315 visits/mo
0.2 miles
Little Caesars Pizza
Dining
13,780 visits/mo
0.5 miles
Olive Garden
Dining
12,676 visits/mo
0.2 miles
Tim Hortons
Dining
12,025 visits/mo
0.2 miles
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
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?
Shopping center - 24,887 SF shopping center anchored by Dollar General.
Where is this shopping center located?
The property is located at 25205 Gratiot Ave Roseville, MI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Dollar General Anchored Shopping Center; 24,887 SF Shopping Center for sale; Located in Roseville, MI
