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Dollar General NNN Lease Property

3236 E Holland Rd, Saginaw, MI 48601

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For Sale

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NNN leased Dollar General with long-term strategic expansion potential.

Type:Retail

Property size:

9,026 SF

Price / SF:

$163/SF

HighLights

Absolute NNN lease, providing a passive investment.
9. 5 years remaining on the initial lease term, offering a stable income stream.
Built brand new in 2020, minimizing potential maintenance costs.
(5) 5‑year renewal options with 10% rent increases each, ensuring potential income growth.
Prime location amongst multiple national retailers and fast‑food chains, driving customer traffic.
Ideal traffic counts and demographics for a successful Dollar General store.

We can help!

Contact an agent

David Feazell

For Sale

Contact for pricing

NNN leased Dollar General with long-term strategic expansion potential.

Type:Retail

Property size:

9,026 SF

Price / SF:

$163/SF

Added:: Mar 20, 2026
Days on Market:: 109
Last Refresh:: Mar 21 at 8:51 pm

Property Features for 3236 E Holland Rd

General Information

Standard status: Active
Size: 9,026 SF
Property subtype: Retail

Building Details

Year Built: 2020

We can help!

Contact an agent

David Feazell

Listing office Garceau Realty

Listing date Mar 20, 2026

Source Crexi

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 Garceau Realty

HighLights

Absolute NNN lease, providing a passive investment.
9. 5 years remaining on the initial lease term, offering a stable income stream.
Built brand new in 2020, minimizing potential maintenance costs.
(5) 5‑year renewal options with 10% rent increases each, ensuring potential income growth.
Prime location amongst multiple national retailers and fast‑food chains, driving customer traffic.
Ideal traffic counts and demographics for a successful Dollar General store.

Overview

This property features a Dollar General store operating under an absolute NNN lease, with approximately 9.5 years remaining on the current term. The lease includes (5) five-year renewal options, each with a 10% rental increase. Constructed in 2020 as part of Dollar General's strategic expansion, the property is situated in a prime location. The 9,026 square foot building benefits from its proximity to multiple national retailers and several national fast-food chains, which draw consistent customer traffic to the area. The location benefits from ideal traffic counts and demographics, supporting the potential for a successful long-term Dollar General operation.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$162.5k	$18.00
− Vacancy	−$6.8k	−$0.76
EGI	$155.6k	$17.24
− OpEx	−$38.9k	−$4.31
NOI	$116.7k	$12.93

9,026 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,733 @ 7.0% cap · market cap 7.93%

Second Best

Retail

$960.4K

$840.3K – $1.12M (±1% cap)

NOI $67,227 @ 7.0% cap · market cap 4.57%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Dollar General Discount Store Western Union Bank

Suggested Use

Similar Places Nearby

Save A Lot — 3355 E Holland Rd, Saginaw, MI 48601

Location Insight

Map
Local Demand

City: Saginaw
County: Saginaw
State: Michigan
Longitude: -83.900226
Latitude: 43.413016

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For sale
Grocery and convenience stores
MI
Saginaw
48601
3236 E Holland Rd

What type of property is this?

Grocery and convenience store - NNN leased Dollar General with long-term strategic expansion potential.

Where is this grocery and convenience store located?

The property is located at 3236 E Holland Rd Saginaw, MI.

What is the asking price?

The asking price for this property is $1,471,750.

What are key features of this property?

This property features: Absolute NNN lease, providing a passive investment.; 9. 5 years remaining on the initial lease term, offering a stable income stream.; Built brand new in 2020, minimizing potential maintenance costs.

3236 E Holland Rd, Saginaw, MI 48601

NNN leased Dollar General with long-term strategic expansion potential.

Property Features for 3236 E Holland Rd

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Turnkey Restaurant and Sports Bar

Historic Commercial Building on Full Block

Multi-Office Commercial Building

Saginaw Event Center For Sale

Medical Office Suite with Exam Rooms

Gas and Service Station Package

Three-Unit Residential Income Property

Three-Suite Office Building

All-Brick Office Building with Ramp

Multi-Storefront Property on Bay Road

Saginaw Commercial Property For Sale

Versatile Commercial Property Near Downtown

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