400 E Main Street, Vermontville, MI 49096

Building Details

Year Built 2026 More

Tenancy Single More

Listing Agency: Fortis Net Lease

Listed By: Bryan Bender · License MI #6501319610 Show Phone

Source: Fortisnetlease

Added: Jun 17 Changed: Nov 3 Last Checked: Nov 12 at 6:00AM

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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

Who owns this building? See the owner, sales and loan history

Open Analytics

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 Big Box & Wholesale Store

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

67

Businesses Nearby

Explore this area Business Placement

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

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)