303 W 5th St, Clare, MI 48617

Building Details

Year Built 2019 More

Buildings 1 More

Tenancy Single More

Listing Agency: SVN | Silveri Company

Listed By: Peter Colvin · License MI #6501197270 Show Phone

Source: Crexi

Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 2:56PM

Report an Issue

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 SVN | Silveri Company

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 2019, this Dollar General property is subject to an NNN lease with nearly eight years remaining in the base term. The tenant has five additional renewal periods, each lasting five years, with a 10% rent increase at each renewal.

The property is at 303 W 5th St in Clare, Michigan, west of US 127 near Business 10 and Hwy 115. Restaurants, stores, manufacturers, medical services, and schools are among the uses in the surrounding area. More than 19,000 people live within a 10-mile radius.

Key Highlights

• Built in 2019 and occupied by Dollar General under an NNN lease
• Nearly 8 years remain in the 15‑year base term
• Five renewal periods of 5 years each, with a 10% rent increase per period

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office HVAC Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

575

Businesses Nearby

31k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 80% Dining 20%

Marathon Shops & Services

9,705 visits/mo 0.3 miles

Dollar General Shops & Services

8,322 visits/mo 0.0 miles

Huntington Bank Shops & Services

4,653 visits/mo 0.3 miles

Little Caesars Pizza Dining

3,271 visits/mo 0.3 miles

Mercantile Bank Shops & Services

2,177 visits/mo 0.4 miles

Demographics for 48617, MI

8,902

Population

4,087

Households

2.2

Avg Household Size

40

Median Age

15%

College-Educated

86%

High-School Grad

137.5 sq mi

ZIP Area

65

Density / Sq Mi

$56,601

Median Household Income

$31,385

Median Earnings

$826

Median Rent

$154,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Industrial Flex Warehouse with Office

750 Industrial Dr, Clare, MI 48617

$899,000

View details

Bar and Pub with Outdoor Patio

114 W 4th Street, Clare, MI 48617

$535,000

1,571 SF

View details

Self-Storage Facility with Indoor Parking

8205 E Maple Rd, Clare, MI 48617

Contact for pricing

13,738 SF

View details

Frequently Asked Questions

What type of property is this?

NNN property - The lease includes nearly eight years in its base term, followed by five renewal periods of five years each.

Where is this nnn property located?

The property is located at 303 W 5th St Clare, MI.

What is the asking price?

The asking price for this property is $1,327,000.

What are key features of this property?

This property features: Built in 2019 and occupied by Dollar General under an NNN lease; Nearly 8 years remain in the 15‑year base term; Five renewal periods of 5 years each, with a 10% rent increase per period