Dollar General NNN Retail
For Sale
Contact for pricing
441 E Main Street, Springport, MI 49284
Operating store with corporate-guaranteed occupancy under an absolute NNN lease and renewal options.
Property Size9,100 SF
Days on Market144
Property Features for 441 E Main Street
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$86,756
Additional Details
Cap Rate
6.5%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 2:08AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,100-square-foot Dollar General store is operating under a 15-year absolute NNN lease, placing landlord responsibility at zero under the stated lease structure. The lease provides 5-year renewal options with a 10% rental rate increase at each option. Rent commenced on August 27, 2018, and the tenant obligation is corporately guaranteed by Dollar General Corporation, which carries a BBB credit rating classified as investment grade.
The property is located at 441 E. Main Street in Springport, Michigan. The site serves a five-mile population of 4,485, while the average household income within two miles is $61,176 per year. The offering includes fee simple ownership of the operating retail property and may suit a 1031 exchange or passive investment strategy.
The property is located at 441 E. Main Street in Springport, Michigan. The site serves a five-mile population of 4,485, while the average household income within two miles is $61,176 per year. The offering includes fee simple ownership of the operating retail property and may suit a 1031 exchange or passive investment strategy.
Key Highlights
- 9,100 SF Dollar General store in operation
- 15‑year absolute NNN lease with zero landlord responsibilities
- 5‑year renewal options with 10% rental rate increases
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,961 visits/mo
0.1 miles
Demographics for 49284, MI
2,985
Population
1,206
Households
2.5
Avg Household Size
42
Median Age
17%
College-Educated
90%
High-School Grad
53.1 sq mi
ZIP Area
56
Density / Sq Mi
$62,651
Median Household Income
$38,634
Median Earnings
$869
Median Rent
$148,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating store with corporate-guaranteed occupancy under an absolute NNN lease and renewal options.
Where is this nnn property located?
The property is located at 441 E Main Street Springport, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store in operation; 15‑year absolute NNN lease with zero landlord responsibilities; 5‑year renewal options with 10% rental rate increases
