Dollar General NNN Retail
For Sale
Contact for pricing
9495 N Greenville Rd, Lakeview, MI 48850
Newly built, open discount retail store with a corporately guaranteed lease and no landlord responsibilities.
Property Size10,640 SF
Days on Market144
Property Features for 9495 N Greenville Rd
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Net Operating Income
$101,792
Site & Location
Corner Location
Yes
Traffic Count
10,718 vehicles/day
Additional Details
Cap Rate
6.2%
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 1:28AM
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.
This 10,640-square-foot Dollar General Plus store is newly built and currently operating, with rent commencing in April 2022. The property is subject to a 15-year Absolute NNN Lease, placing no landlord responsibilities under the stated lease structure. Dollar General Corporation provides the corporate guarantee and carries a BBB credit rating classified as investment grade.
The store occupies a signalized corner at N Greenfield Rd and State Route 46 in Lakeview, Michigan. The intersection records 10,718 cars per day, and the surrounding ten-mile population is 17,213. Lease extensions include five five-year renewal options, each providing a 10% rental rate increase. The offering also carries a reported 6.20% cap rate.
The store occupies a signalized corner at N Greenfield Rd and State Route 46 in Lakeview, Michigan. The intersection records 10,718 cars per day, and the surrounding ten-mile population is 17,213. Lease extensions include five five-year renewal options, each providing a 10% rental rate increase. The offering also carries a reported 6.20% cap rate.
Key Highlights
- 10,640 SF Dollar General Plus store, currently open with rent commenced in April 2022
- 15 year Absolute NNN Lease with zero landlord responsibilities
- Five 5 year renewal options, each with a 10% rental rate increase
Property Analytics
Current Use
Lease Details
10,718 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Wesco
Shops & Services
25,735 visits/mo
0.5 miles
McDonald's
Dining
23,736 visits/mo
0.5 miles
Dollar General
Shops & Services
7,033 visits/mo
0.4 miles
Sunoco
Shops & Services
5,141 visits/mo
0.2 miles
BP
Shops & Services
5,087 visits/mo
0.4 miles
Demographics for 48850, MI
4,563
Population
1,973
Households
2.3
Avg Household Size
41
Median Age
14%
College-Educated
88%
High-School Grad
83.2 sq mi
ZIP Area
55
Density / Sq Mi
$65,064
Median Household Income
$41,473
Median Earnings
$665
Median Rent
$170,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Newly built, open discount retail store with a corporately guaranteed lease and no landlord responsibilities.
Where is this nnn property located?
The property is located at 9495 N Greenville Rd Lakeview, MI.
What are key features of this property?
This property features: 10,640 SF Dollar General Plus store, currently open with rent commenced in April 2022; 15 year Absolute NNN Lease with zero landlord responsibilities; Five 5 year renewal options, each with a 10% rental rate increase
