Dollar General NNN
For Sale
Contact for pricing
480 W Muskegon Street NW, Kent City, MI 49330
Corporate-backed retail tenancy under an absolute NNN lease with no landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 480 W Muskegon Street NW
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 4:48AM
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 SF Dollar General store is occupied under a Fifteen (15) Year Absolute NNN Lease, placing landlord obligations with the tenant. The agreement includes 4 (5) Yr. renewal options, each carrying a 10% rental rate increase, and is guaranteed by Dollar General Corporation, which has a BBB credit rating identified as Investment Grade. Rent commenced on 9/9/2017.
The store fronts M-37, a roadway carrying 11,109 cars per day. The site is in Kent City, MI, with a five-mile population of 11,931 and one-mile average household income of $49,752 per year. The property is offered as a fee-simple retail asset with an existing national tenant and long-term lease structure.
The store fronts M-37, a roadway carrying 11,109 cars per day. The site is in Kent City, MI, with a five-mile population of 11,931 and one-mile average household income of $49,752 per year. The property is offered as a fee-simple retail asset with an existing national tenant and long-term lease structure.
Key Highlights
- 9,100 SF Dollar General store in Kent City, MI
- Fifteen (15) Year Absolute NNN Lease
- 4 (5) Yr. renewal options with 10% rental rate increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
14,941 visits/mo
0.5 miles
Dollar General
Shops & Services
7,135 visits/mo
0.1 miles
Dollar Tree
Shops & Services
5,230 visits/mo
0.2 miles
Demographics for 49330, MI
5,664
Population
2,055
Households
2.8
Avg Household Size
36
Median Age
17%
College-Educated
88%
High-School Grad
43.7 sq mi
ZIP Area
130
Density / Sq Mi
$74,484
Median Household Income
$39,006
Median Earnings
$1,027
Median Rent
$253,200
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 - Corporate-backed retail tenancy under an absolute NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 480 W Muskegon Street NW Kent City, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store in Kent City, MI; Fifteen (15) Year Absolute NNN Lease; 4 (5) Yr. renewal options with 10% rental rate increases
