400 E Main Street, Vermontville, MI 49096

Building Details

Year Built

2026

Listing office Fortis Net Lease b***@fortisnetlease.com Show Phone

Listing date Jun 17, 2026

Source Fortisnetlease

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Overview

This offering is a brand-new Dollar General store currently in the final stages of construction, with a ground-up build-out scheduled to open and begin rent in June 2026. The property is being delivered on a 2026 BTS basis and is secured by a 15-year absolute NNN lease, designed to leave zero landlord responsibilities. The lease structure includes 5% rental rate increases every five years, including at each of the five (5-year) renewal options.

The property is located at 400 E Main Street in Vermontville, Michigan. The lease is corporately guaranteed by Dollar General Corporation, which is described as having a “BBB” credit rating (investment grade). Additional stated market context includes 3-mile household income of $78,666 and a 10-mile population of 21,486.

For qualified tenants or investors seeking a stabilized, single-tenant retail asset with long-term contractual rent growth features, this property provides the combination of a new construction delivery timeline, an absolute NNN framework, and a corporate guarantee from an investment-grade tenant. The lease also provides multiple renewal options as part of the overall 15-year term.

Suggested Use

Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Department Store Bar & Pub Computer & Electronic Repair

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

Location Insight

• Map
• Local Demand

City

Vermontville

County

Eaton

State

Michigan

Longitude

-85.025123

Latitude

42.623793

FAQs

What type of property is this?

NNN property - Brand-new Dollar General is offered with a 15-year absolute NNN lease and corporate guarantee.

Where is this nnn property located?

The property is located at 400 E Main Street Vermontville, MI.

What is the lease rate?

The lease rate is $1,954,545.

What are key features of this property?

This property features: Brand‑new 2026 BTS Dollar General store totaling 9,100 SF in Vermontville, Michigan; 15‑year absolute NNN lease structure labeled as zero landlord responsibilities; Dollar General corporate guarantee by Dollar General Corporation (BBB credit rating, investment grade)