Single-Tenant Dollar General
For Sale
Contact for pricing
7519 E Michigan Ave., Jackson, MI 49201
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 Market113
Property Features for 7519 E Michigan Ave.
General Information
Standard status
Active
Size
10,640 SF
Total Parking Spaces
45
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$147,640
Additional Details
Cap Rate
6.85%
Traffic Count
3,639 vehicles/day
Building Details
Year Built
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Bryan Bender · License #MI 6501319610
(248) 419-3810
Source:
Crexi
Added: Jul 1
Changed: Oct 11
Last Checked: Oct 20 at 7:35PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,378
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,560
$1.5M
Cap Rate 7%
$1,048,257
$1.0M
Cap Rate 9%
$815,311
$815.3K
Market Conditions
NOI Build-Up for 10,640 SF
Gross rent
$127.7K $12.00/SF
− Vacancy
−$22.9K −$2.15/SF
EGI
$104.8K $9.85/SF
− OpEx
−$31.4K −$2.96/SF
NOI
$73.4K $6.90/SF
Area
Jackson County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,560
Cap Rate 7%
$1,048,257
Cap Rate 9%
$815,311
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3,639 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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)
