8336 Mill St Vanderbilt, MI 49795
New Dollar General store with a 15-year absolute NNN lease.
Property size:
9,100 SFLot size:
1.11 AcresProperty Features for 8336 Mill St
General Information
- Standard status
- Active
- Zoning
- Commercial
- Size
- 9,100 SF
- Lot size
- 1.11 Acres
Building Details
- Year built
- 2026
Source:
Crexi
Listing Agency: Fortis Net Lease Listing Agent: Bryan Bender
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Dollar General Store Investment
This property features a Dollar General store, currently under construction and scheduled to open in April 2026. The store is secured by a 15-year absolute NNN lease, meaning there are no landlord responsibilities. The lease includes 5% rental rate increases every 5 years, including at each of the five 5-year renewal options. Dollar General Corporation, which guarantees the lease, holds a credit rating of "BBB", classified as investment grade. The store is strategically located off of the I-75 Exit, with high visibility on the corner of Mill Street and Yuill Road. Traffic counts show 10,295 cars per day on the I-75 Exit and 3,006 cars per day on Mill Street. The property has two points of access and is accessible from both streets. Within a 10-mile radius of the site, the population is 14,395, and the average household income within a 3-mile radius is $66,871 per year. The property size is 9,100 square feet. The list price reflects a 6.60% cap rate based on a net operating income of $131,525. This property is located in Vanderbilt, Michigan.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Vanderbilt
- County
- Otsego
- State
- Michigan
- Longitude
- -84.664678
- Latitude
- 45.147072
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - New Dollar General store with a 15-year absolute NNN lease.
Where is this grocery and convenience store located?
The property is located at 8336 Mill St Vanderbilt, MI.
What is the asking price?
The asking price for this property is $1,992,803.
What are key features of this property?
This property features: - 15 year absolute NNN lease with zero landlord responsibilities; - Corporate guarantee by investment grade tenant (Dollar General, “BBB”); - 5% rental rate increases every 5 years (including option periods)
