Building Details

Tenancy Single

Listing Agency: CBRE

Listed By: David Hesano · License #MI 6501300653

Source: Crexi

Added: Sep 5 Changed: Sep 9 Last Checked: Sep 10 at 5:50AM

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Investment Insights

Based on property information with market context.

This purpose-built Dollar General retail property has served the same tenant since 2007 and is occupied under a double-net lease. The current term runs through January 31, 2032, following the tenant’s exercise of a renewal option. Lease provisions include scheduled rental increases every five years, while the tenant reimburses taxes, insurance, snow removal, and a fixed CAM amount. Landlord obligations include common area maintenance along with exterior repairs and replacements.

The property is located at 3943 S. Huron Rd. in Standish, Michigan 48685. A separate billboard lease provides an additional income stream. The investment also carries an 8.75% capitalization rate.

Key Highlights

• Dollar General tenant in place since 2007
• Lease extended through January 31, 2032
• Double‑net lease structure with five‑year rental increases

Property Analytics

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Current Use

Western Union Bank Dollar General Discount Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Home Appliance Store Hair Salon Storage Facility

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

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant retail asset with a double-net lease and an additional billboard lease.

Where is this nnn property located?

The property is located at 3943 S Huron Rd. Standish, MI.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Dollar General tenant in place since 2007; Lease extended through January 31, 2032; Double‑net lease structure with five‑year rental increases