Dollar General NNN Retail
For Sale
Contact for pricing
349 N Pine Street, Mc Bain, MI 49657
Corporate-guaranteed occupancy is supported by an absolute NNN lease with renewal options and scheduled rent increases.
Property SizeContact for details
Days on Market145
Property Features for 349 N Pine Street
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 8:19PM
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 in McBain, Michigan, operates under a 15-year absolute NNN lease. The agreement includes five-year renewal options with 10% rent increases, while the tenant’s obligations are structured to limit landlord responsibilities. Rent commenced on August 27, 2018, and the lease carries a corporate guarantee from Dollar General Corporation, which has a BBB credit rating classified as investment grade.
The property is positioned on N. Pine Street and serves a five-mile population of 2,734. Average household income within two miles is $57,877 per year. The offering represents fee-simple ownership of an occupied retail property with a stated 6.5% cap rate based on NOI of $78,356.
The property is positioned on N. Pine Street and serves a five-mile population of 2,734. Average household income within two miles is $57,877 per year. The offering represents fee-simple ownership of an occupied retail property with a stated 6.5% cap rate based on NOI of $78,356.
Key Highlights
- 9,100 SF Dollar General retail store
- 15‑year absolute NNN lease with five‑year renewal options
- 10% rent increases apply during renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 28%
Sunoco
Shops & Services
6,009 visits/mo
0.5 miles
SUBWAY
Dining
2,379 visits/mo
0.5 miles
Demographics for 49657, MI
3,607
Population
1,568
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
91%
High-School Grad
92.6 sq mi
ZIP Area
39
Density / Sq Mi
$69,896
Median Household Income
$35,986
Median Earnings
$806
Median Rent
$181,700
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?
NNN property - Corporate-guaranteed occupancy is supported by an absolute NNN lease with renewal options and scheduled rent increases.
Where is this nnn property located?
The property is located at 349 N Pine Street Mc Bain, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General retail store; 15‑year absolute NNN lease with five‑year renewal options; 10% rent increases apply during renewal options
