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    10600 Rd Burt, MI 48417

    Sponsored
    For Sale
    $1,330,000

    Michigan Retail Property - High ROI

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 9,026 square foot Dollar General located at 10600 E Rd, Burt, MI 48417, in Saginaw County. The property sits on a 1.28-acre lot and boasts a strong 6.77% cap rate, generating a net operating income (NOI) of $89,982. Currently operating under a triple-net (NNN) absolute lease with Dollar General, the lease extends until September 30, 2032, offering a remaining term of 7.9 years. Five 5-year renewal options exist, each with a 10% rent increase. The tenant is responsible for all maintenance, repairs, and replacements. The property's asking price is $1,330,000, translating to a price per square foot of $147.35. With 100% occupancy and situated in a popular family-friendly area near major attractions like Frankenmuth and Birch Run Premium Outlets, this investment offers significant potential for long-term growth and stability. A clean Phase 1 Environmental Report and ALTA Survey are available, streamlining the acquisition process for 1031 exchanges or portfolio additions. The property benefits from a large customer base, with over 55,000 people residing within a 10-mile radius. This is a turnkey investment opportunity with a proven tenant and a strong lease structure.

    Property Features for 10600 Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF
    Lot Size
    55,757 SF

    HighLights

    • 9,026 SF Dollar General on 1.28‑acre lot in Burt, MI.
    • Strong 6.77% cap rate, $89,982 NOI.
    • NNN lease to Dollar General expiring 9/30/2032, with five 5‑year renewal options (10% rent increases).
    • Asking price: $1,330,000 ($147.35/SF).
    • 100% occupancy, located in a high‑traffic area near popular attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Wholesale Shop Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Burt
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.952773643651
    Latitude
    43.26913385183

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    Nearby Similar for Sale

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      Dollar General NNN Investment Property

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      Turnkey Bar & Grill in Burt, MI

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    FAQs

    What type of property is this?
    Individual retail property - Michigan Retail Property - High ROI
    Where is this individual retail property located?
    The property is located at 10600 Rd Burt, MI.
    What is the asking price?
    The asking price for this property is $1,330,000.
    What are key features of this property?
    This property features: 9,026 SF Dollar General on 1.28-acre lot in Burt, MI.; Strong 6.77% cap rate, $89,982 NOI.; NNN lease to Dollar General expiring 9/30/2032, with five 5-year renewal options (10% rent increases).
    Request Owner's contact information
    10600 Rd Burt, MI 48417
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10600 Rd Burt, MI 48417
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