New Grocery Store with NNN
For Sale
Contact for pricing
8476 Holton Rd, Holton, MI 49425
Newly constructed Dollar General store leased under an absolute NNN structure with a corporate guarantee.
Property Size10,640 SF
Days on Market143
Property Features for 8476 Holton Rd
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Net Operating Income
$97,716
Additional Details
Cap Rate
6.65%
Traffic Count
13,571 vehicles/day
Building Details
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 8:42AM
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.
Completed in January 2024, the 10,640-square-foot Dollar General Plus store is occupied under a 15-year absolute NNN lease, limiting landlord responsibilities. The agreement provides 5% rent increases every 5 years and includes five additional 5-year renewal options. Dollar General Corporation provides the corporate guarantee and carries a BBB investment-grade credit rating.
The property fronts Holton Road, which records 13,571 vehicles per day, and serves the Holton community as its only dollar store. The offering includes fee simple ownership and reflects a 6.65% cap rate. The site is located in Holton, Michigan.
The property fronts Holton Road, which records 13,571 vehicles per day, and serves the Holton community as its only dollar store. The offering includes fee simple ownership and reflects a 6.65% cap rate. The site is located in Holton, Michigan.
Key Highlights
- 10,640 SF Dollar General Plus store completed in January 2024
- 15‑year absolute NNN lease with five 5‑year renewal options
- 5% rent increases every 5 years, including renewal options
Property Analytics
Property Profile
Current Use
Lease Details
13,571 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49425, MI
3,655
Population
1,396
Households
2.6
Avg Household Size
39
Median Age
16%
College-Educated
92%
High-School Grad
64.0 sq mi
ZIP Area
57
Density / Sq Mi
$62,981
Median Household Income
$37,799
Median Earnings
$698
Median Rent
$165,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Newly constructed Dollar General store leased under an absolute NNN structure with a corporate guarantee.
Where is this grocery and convenience store located?
The property is located at 8476 Holton Rd Holton, MI.
What are key features of this property?
This property features: 10,640 SF Dollar General Plus store completed in January 2024; 15‑year absolute NNN lease with five 5‑year renewal options; 5% rent increases every 5 years, including renewal options
