Dollar General NNN
For Sale
Contact for pricing
2589 E Apple Ave, Muskegon, MI 49442
Freestanding retail investment leased to a nationally recognized discount retailer under an absolute NNN structure.
Property Size9,100 SF
Days on Market142
Property Features for 2589 E Apple Ave
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$76,944
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 29
Last Checked: Aug 29 at 2:37PM
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 offered as a fee-simple retail investment at 2589 E Apple Ave in Muskegon, Michigan. The property is subject to a 15-year absolute NNN lease, placing property-level operating responsibilities with the tenant. Rent commenced in January 2018, and the agreement provides four additional five-year renewal options with 10% increases in the rental rate.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified as investment grade in the property information. The site serves a five-mile population exceeding 87,500, while the one-mile median household income exceeds $37,000 annually. The offering is also positioned for buyers completing a 1031 exchange.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified as investment grade in the property information. The site serves a five-mile population exceeding 87,500, while the one-mile median household income exceeds $37,000 annually. The offering is also positioned for buyers completing a 1031 exchange.
Key Highlights
- 9,100‑square‑foot Dollar General retail store in Muskegon, MI
- 15‑year absolute NNN lease with no landlord responsibilities
- Four 5‑year renewal options, each including a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Groceries 18%
Dining 17%
Corner Store
Shops & Services
11,049 visits/mo
0.4 miles
Dollar General
Shops & Services
8,273 visits/mo
0.2 miles
Save-A-Lot
Groceries
7,628 visits/mo
0.4 miles
Little Caesars Pizza
Dining
6,832 visits/mo
0.5 miles
Sunoco
Shops & Services
4,833 visits/mo
0.4 miles
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
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 - Freestanding retail investment leased to a nationally recognized discount retailer under an absolute NNN structure.
Where is this nnn property located?
The property is located at 2589 E Apple Ave Muskegon, MI.
What are key features of this property?
This property features: 9,100‑square‑foot Dollar General retail store in Muskegon, MI; 15‑year absolute NNN lease with no landlord responsibilities; Four 5‑year renewal options, each including a 10% rental rate increase
