Dollar General Absolute NNN
For Sale
$1,233,000
5455 W Isabella Rd, Shepherd, MI 48883
Corporate-guaranteed lease structure places operating, tax, insurance, roof, and structural obligations with the tenant.
Property Size9,170 SF
Price / SF$134.46
Days on Market8
Property Features for 5455 W Isabella Rd
General Information
Standard status
Active
Size
9,170 SF
Property subtype
Shopping Regional
Amenities
Investment Grade Tenant (S&P: BBB) with 21,000 plus Locations
Seven plus Years Remaining on an Original 15-Year Lease
10-Miles from Central Michigan University (14,000 plus Students Enrolled)
Building Details
Building Size
9,170 SF
Year Built
2017
Tenancy
Single
Listing Agency:
Marcus & Millichap - Detroit
(630) 570-2171
Listed By:
Dominic Sulo · License #License(s): IL: 475.134920
(630) 570-2171
Source:
Marcusmillichap
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 11:55AM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
Built in 2017, this 9,170-square-foot property is occupied by Dollar General under an original 15-year corporate-guaranteed lease. More than 7 years remain on the current term, with 10 percent rent increases scheduled every five years during the option periods.
The lease is structured as absolute NNN, assigning responsibility for property expenses to the tenant. Those obligations include the parking lot, taxes, insurance, roof, and building structure, leaving no landlord responsibilities or expenses identified in the lease summary. The property is located at 5455 W Isabella Rd in Shepherd, Michigan.
The lease is structured as absolute NNN, assigning responsibility for property expenses to the tenant. Those obligations include the parking lot, taxes, insurance, roof, and building structure, leaving no landlord responsibilities or expenses identified in the lease summary. The property is located at 5455 W Isabella Rd in Shepherd, Michigan.
Key Highlights
- 9,170‑square‑foot Dollar General property built in 2017
- More than 7 years remaining on an original 15‑year lease
- Absolute NNN structure with no landlord responsibilities or expenses
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,342 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
5,088 visits/mo
0.3 miles
Sunoco
Shops & Services
1,916 visits/mo
0.2 miles
Demographics for 48883, MI
6,842
Population
2,912
Households
2.3
Avg Household Size
42
Median Age
22%
College-Educated
94%
High-School Grad
114.9 sq mi
ZIP Area
60
Density / Sq Mi
$66,364
Median Household Income
$37,830
Median Earnings
$841
Median Rent
$154,600
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-guaranteed lease structure places operating, tax, insurance, roof, and structural obligations with the tenant.
Where is this nnn property located?
The property is located at 5455 W Isabella Rd Shepherd, MI.
What is the asking price?
The asking price for this property is $1,233,000.
What are key features of this property?
This property features: 9,170‑square‑foot Dollar General property built in 2017; More than 7 years remaining on an original 15‑year lease; Absolute NNN structure with no landlord responsibilities or expenses
