Single-Tenant Dollar General
7519 E Michigan Ave. Jackson, MI 49201
7519 E Michigan Ave., Jackson, MI, 49201
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For Sale
Contact for pricing
Newly opened Dollar General with an absolute NNN lease, corporate guaranty, and scheduled 5% rental increases.
Property Size10,640 SF
Price / SF$202.57
Days on Market21
Property Features for 7519 E Michigan Ave.
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agency
Fortis Net Lease
(248) 419-3810
Listed by
Bryan Bender · License #MI 6501319610
Source
Crexi
Added: Jul 1 Updated: Jul 20 at 6:54PM Checked: Jul 20 at 6:54PM
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.
Fortis Net Lease presents a 2025 build-to-suit Dollar General retail property totaling 10,640 SF. Construction is complete and the store opened for business in July 2025. The property is secured by a 15-year absolute NNN lease with zero landlord responsibilities.
The lease includes 5% rental rate increases every five years, with the terms extending through five (5-year) renewal options. Dollar General Corporation provides a corporate guarantee and is rated “BBB,” classified as investment grade.
The store is highly visible, positioned on the corner of Eastland Street & Michigan Avenue, with 3,639 cars per day reported for the location. The offering is described as the only dollar store serving the community and is presented for sale as a fee simple interest, including potential fit for a 1031 exchange buyer or a passive investor.
The lease includes 5% rental rate increases every five years, with the terms extending through five (5-year) renewal options. Dollar General Corporation provides a corporate guarantee and is rated “BBB,” classified as investment grade.
The store is highly visible, positioned on the corner of Eastland Street & Michigan Avenue, with 3,639 cars per day reported for the location. The offering is described as the only dollar store serving the community and is presented for sale as a fee simple interest, including potential fit for a 1031 exchange buyer or a passive investor.
Key Highlights
- 2025 Dollar General Plus (10,640 SF) completed construction and opened for business in July 2025
- Absolute NNN 15‑year lease with zero landlord responsibilities
- Corporate guaranty by Dollar General Corporation (investment grade, BBB rating)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.7k | $12.00 |
| − Vacancy | −$22.9k | −$2.15 |
| EGI | $104.8k | $9.85 |
| − OpEx | −$31.4k | −$2.96 |
| NOI | $73.4k | $6.90 |
10,640 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$917.2K – $1.22M
NOI $73,378 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,896 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Newly opened Dollar General with an absolute NNN lease, corporate guaranty, and scheduled 5% rental increases.
Where is this retail space located?
The property is located at 7519 E Michigan Ave. Jackson, MI.
What is the asking price?
The asking price for this property is $2,155,328.
What are key features of this property?
This property features: 2025 Dollar General Plus (10,640 SF) completed construction and opened for business in July 2025; Absolute NNN 15‑year lease with zero landlord responsibilities; Corporate guaranty by Dollar General Corporation (investment grade, BBB rating)
