Building Details

Buildings 1

Tenancy Single

Listing Agency: Fortis Net Lease

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

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 6:59PM

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Investment Insights

Based on property information with market context.

This NNN property comprises a new 10,640 SF Dollar General Plus store currently under construction in Chase, Michigan. The lease is structured as absolute NNN for 15 years, with no landlord responsibilities identified in the offering. Base rent increases by 5% every 5 years, including each of the five 5-year renewal options. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating, classified as investment grade.

The store occupies the corner of S Saddler Road and Highway 10 at 6969 S Saddler Rd. Highway 10 records 5,201 cars per day, and the site serves as part of a primary route connecting surrounding cities. Store opening and rent commencement are scheduled for June 2024.

Key Highlights

• New 10,640 SF Dollar General Plus store under construction
• 15‑year absolute NNN lease with no landlord responsibilities
• 5% rent increases every 5 years, including five 5‑year renewal options

Property Analytics

Property Profile

Current Use

Dollar General Discount Store

Suggested Use

Top Pick Electrical Service Auto Parts Store Storage Facility Grocery & Convenience Store Food Market Restaurant

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

5,201 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,643 visits/mo 0.2 miles

Demographics for 49623, MI

1,186

Population

789

Households

1.5

Avg Household Size

46

Median Age

14%

College-Educated

89%

High-School Grad

68.7 sq mi

ZIP Area

17

Density / Sq Mi

$56,875

Median Household Income

$36,680

Median Earnings

$775

Median Rent

$119,600

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

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Frequently Asked Questions

What type of property is this?

NNN property - New construction backed by a 15-year absolute NNN lease with scheduled rent increases.

Where is this nnn property located?

The property is located at 6969 S Saddler Rd Chase, MI.

What are key features of this property?

This property features: New 10,640 SF Dollar General Plus store under construction; 15‑year absolute NNN lease with no landlord responsibilities; 5% rent increases every 5 years, including five 5‑year renewal options