Absolute NNN Convenience
New
For Sale
$1,186,872
4276 LeValley Rd, Columbiaville, MI 48421
Dollar General occupies a 2018-built store serving everyday-needs shoppers in a small Michigan community.
Property Size9,026 SF
Days on Market3
Property Features for 4276 LeValley Rd
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail - Freestanding
Building Details
Building Size
9,026 SF
Year Built
2018
Tenancy
Single
Abandoned
No
Listing Agency:
Exclusive Realty
(248) 833-6601
Listed By:
Steve Sagmani · License #6502426558
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 3:52AM
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 Exclusive Realty
Investment Insights
Based on property information with market context.
This convenience retail property at 4276 LeValley Rd in Columbiaville, Michigan, was built in 2018 and is occupied by Dollar General. The retailer offers groceries, household products, health and beauty items, and other daily necessities, supporting its role as a local shopping destination.
The property is positioned in Lapeer County near M-24, with access to regional markets including Lapeer and Flint. Columbiaville is situated along the Flint River and includes residential neighborhoods, agricultural areas, local businesses, parks, marina access at Holloway Reservoir, and the Southern Links Trailway. The village’s community events and limited local retail selection contribute to its existing retail context.
The lease is structured as absolute NNN, with the tenant responsible for taxes, insurance, and maintenance. The asset combines a nationally recognized convenience retailer with a small-town Michigan location and established community-oriented surroundings.
The property is positioned in Lapeer County near M-24, with access to regional markets including Lapeer and Flint. Columbiaville is situated along the Flint River and includes residential neighborhoods, agricultural areas, local businesses, parks, marina access at Holloway Reservoir, and the Southern Links Trailway. The village’s community events and limited local retail selection contribute to its existing retail context.
The lease is structured as absolute NNN, with the tenant responsible for taxes, insurance, and maintenance. The asset combines a nationally recognized convenience retailer with a small-town Michigan location and established community-oriented surroundings.
Key Highlights
- Dollar General occupancy at a convenience retail property
- Absolute NNN lease structure
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,040
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,000,800
$2.0M
Cap Rate 7%
$1,429,143
$1.4M
Cap Rate 9%
$1,111,556
$1.1M
Market Conditions
NOI Build-Up for 9,026 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$162.5K $18.00/SF
− Vacancy
−$29.1K −$3.22/SF
EGI
$133.4K $14.78/SF
− OpEx
−$33.3K −$3.69/SF
NOI
$100.0K $11.08/SF
Area
Lapeer County, MI
Vacancy
17.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,000,800
Cap Rate 7%
$1,429,143
Cap Rate 9%
$1,111,556
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,040 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$889.2K
$778.1K – $1.04M
NOI $62,247 @ 7.0% cap · market cap 5.24%
Theoretical Best
Healthcare Medical
$1.48M
$1.29M – $1.72M
NOI $103,466 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48421, MI
6,656
Population
2,987
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
94%
High-School Grad
41.5 sq mi
ZIP Area
160
Density / Sq Mi
$69,597
Median Household Income
$38,368
Median Earnings
$698
Median Rent
$208,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Dollar General occupies a 2018-built store serving everyday-needs shoppers in a small Michigan community.
Where is this grocery and convenience store located?
The property is located at 4276 LeValley Rd Columbiaville, MI.
What is the asking price?
The asking price for this property is $1,186,872.
What are key features of this property?
This property features: Dollar General occupancy at a convenience retail property; Absolute NNN lease structure; Built in 2018
