Building Details

Year Built 2026

Tenancy Single

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

Listed By: Bryan Bender · License #6501319610 Show Phone

Source: Fortisnetlease

Added: Jun 17 Changed: Aug 8 Last Checked: Aug 12 at 5:15AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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)

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Computer & Electronic Repair Building Supply Auto Repair Shop Spa & Massage Center

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Mobil Shops & Services

3,318 visits/mo 0.3 miles

Demographics for 49096, MI

3,161

Population

1,289

Households

2.5

Avg Household Size

43

Median Age

12%

College-Educated

86%

High-School Grad

63.5 sq mi

ZIP Area

50

Density / Sq Mi

$74,813

Median Household Income

$45,469

Median Earnings

$889

Median Rent

$173,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

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)