8336 Mill St, Vanderbilt, MI 49795

Building Details

Year Built

2026

Listing office Fortis Net Lease b***@fortisnetlease.com Show Phone

Listing date Mar 8, 2026

Source Crexi

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Overview

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.

Suggested Use

Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Kitchen & Bath Showroom Bar & Pub Storage Facility Grocery & Convenience Store Car Rental Facility

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Vanderbilt

County

Otsego

State

Michigan

Longitude

-84.664678

Latitude

45.147072

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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)