Highly Visible NNN Retail
For Sale
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8865 S M 37 Hwy, Hastings, MI 49058
Dollar General store with an absolute 15-year NNN lease and corporate guarantee, located on M-37 in Hastings, MI.
Property Size9,100 SF
Days on Market121
Property Features for 8865 S M 37 Hwy
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Additional Details
Cap Rate
6.5%
Traffic Count
4,969 vehicles/day
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 11:46AM
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 9,100 SF Dollar General store in Hastings, MI. The property is encumbered by a 15-year absolute NNN lease intended to leave zero landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation, and rent commenced on 1/20/2020. The agreement includes four (5)-year renewal options with a 10% rental rate increase in each option period.
The store is positioned on M-37 and is described as highly visible, with reported traffic of 4,969 cars per day. A ten-mile population of 31,481 and a three-mile average household income of $67,536 per year are provided in the remarks.
The offering is presented as a fee simple opportunity for buyers seeking the continued performance of a corporately guaranteed, investment-grade credit tenant under the current lease structure.
The store is positioned on M-37 and is described as highly visible, with reported traffic of 4,969 cars per day. A ten-mile population of 31,481 and a three-mile average household income of $67,536 per year are provided in the remarks.
The offering is presented as a fee simple opportunity for buyers seeking the continued performance of a corporately guaranteed, investment-grade credit tenant under the current lease structure.
Key Highlights
- 9,100 SF Dollar General store in Hastings, MI on a 15‑year absolute NNN lease with zero landlord responsibilities
- 15‑year lease is corporately guaranteed by Dollar General Corporation (investment grade credit rating of “BBB”)
- Rent commenced 1/20/2020; property includes four (5) year renewal options with 10% rental rate increases
Property Analytics
Current Use
Lease Details
4,969 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,504 visits/mo
0.1 miles
Marathon
Shops & Services
2,060 visits/mo
0.2 miles
Demographics for 49058, MI
19,422
Population
8,337
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
147.6 sq mi
ZIP Area
132
Density / Sq Mi
$71,169
Median Household Income
$40,868
Median Earnings
$928
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Dollar General store with an absolute 15-year NNN lease and corporate guarantee, located on M-37 in Hastings, MI.
Where is this grocery and convenience store located?
The property is located at 8865 S M 37 Hwy Hastings, MI.
What are key features of this property?
This property features: 9,100 SF Dollar General store in Hastings, MI on a 15‑year absolute NNN lease with zero landlord responsibilities; 15‑year lease is corporately guaranteed by Dollar General Corporation (investment grade credit rating of “BBB”); Rent commenced 1/20/2020; property includes four (5) year renewal options with 10% rental rate increases
