Dollar General NNN Lease
For Sale
Contact for pricing
3236 E Holland Rd, Saginaw, MI 48601
NNN leased Dollar General with long-term strategic expansion potential.
Property Size9,026 SF
Price / SF$163.06
Days on Market201
Property Features for 3236 E Holland Rd
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Zoning
T-C
Occupancy
100%
Lease Type
Absolute Net
Building Details
Year Built
2020
Buildings
1
Tenancy
Single
Listing Agency:
Garceau Realty
Listed By:
David Feazell · License #MD 674137
(410) 803-0714
Source:
Crexi
Added: Mar 20
Changed: Sep 24
Last Checked: Oct 5 at 3:58PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,733
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,334,660
$2.3M
Cap Rate 7%
$1,667,614
$1.7M
Cap Rate 9%
$1,297,033
$1.3M
Market Conditions
NOI Build-Up for 9,026 SF
Gross rent
$162.5K $18.00/SF
− Vacancy
−$6.8K −$0.76/SF
EGI
$155.6K $17.24/SF
− OpEx
−$38.9K −$4.31/SF
NOI
$116.7K $12.93/SF
Area
Saginaw County, MI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,334,660
Cap Rate 7%
$1,667,614
Cap Rate 9%
$1,297,033
Alternative Uses
Best Use
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,733 @ 7.0% cap · market cap 7.93%
Second Best
Retail
$960.4K
$840.3K – $1.12M
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 35%
Groceries 9%
Hotels & Casinos 1%
Speedway
Shops & Services
21,047 visits/mo
0.1 miles
McDonald's
Dining
17,614 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
7,940 visits/mo
0.1 miles
Save-A-Lot
Groceries
7,061 visits/mo
0.3 miles
Taco Bell
Dining
6,582 visits/mo
0.1 miles
Demographics for 48601, MI
32,165
Population
16,220
Households
2
Avg Household Size
39
Median Age
8%
College-Educated
86%
High-School Grad
104.3 sq mi
ZIP Area
308
Density / Sq Mi
$37,830
Median Household Income
$27,218
Median Earnings
$836
Median Rent
$54,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Save A Lot — 3355 E Holland Rd, Saginaw, MI 48601
Frequently Asked Questions
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.
