Dollar General Convenience
For Sale
Contact for pricing
980 University Drive, Pontiac, MI 48342
Single-tenant retail asset with a lease extending through May 2020 and three additional five-year option periods.
Property Size13,575 SF
Days on Market143
Property Features for 980 University Drive
General Information
Standard status
Active
Size
13,575 SF
Property subtype
Retail
Financials
Asking Price
$1,150,000
Cap Rate
8.25%
Building Details
Tenancy
Single
Listing Agency:
InCommercial Inc
Listed By:
Sam Derse · License #475127324
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 6:12PM
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 InCommercial Inc
Investment Insights
Based on property information with market context.
This single-tenant convenience and grocery retail property is occupied by Dollar General and contains 13,575 square feet. The lease runs through May 31, 2020, followed by three five-year renewal options.
The property is located at 980 University Drive in Pontiac, Michigan. The offering reflects an 8.25% capitalization rate and is structured as a sale transaction.
The property is located at 980 University Drive in Pontiac, Michigan. The offering reflects an 8.25% capitalization rate and is structured as a sale transaction.
Key Highlights
- Dollar General occupies the 13,575‑square‑foot retail property
- Lease term runs through 5/31/2020
- Three 5 year option periods follow the initial lease term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
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 - Single-tenant retail asset with a lease extending through May 2020 and three additional five-year option periods.
Where is this grocery and convenience store located?
The property is located at 980 University Drive Pontiac, MI.
What are key features of this property?
This property features: Dollar General occupies the 13,575‑square‑foot retail property; Lease term runs through 5/31/2020; Three 5 year option periods follow the initial lease term
