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    Family Dollar Absolute NNN Store Title is generated by Realmo AI

    G4386 S SAGINAW ST, Burton, MI 48529

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    Absolute NNN Family Dollar on signalized corner with long-tenured operator and percentage rent provision.

    Type:Retail
    Property size:
    9,637 SF
    Price / SF:
    $98/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:47 am

    Property Features for G4386 S SAGINAW ST

    General Information

    Standard status
    Active
    Size
    9,637 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Patrick Hammond

    Listing agent Patrick Hammond License #MI 6501373051

    Listing office Fortis Net Lease

    Listing date Jun 2, 2026

    Source Crexi

    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

    HighLights

    • 9,555 SF Family Dollar on a signalized corner in Burton, Michigan
    • Absolute NNN lease with tenant responsible for taxes, insurance, roof, structure, parking, and all maintenance/repairs
    • Tenant operating since 1994 with over 30 years of continuous occupancy and renewals exercised
    • Current rent of $6.38/SF, with percentage rent included
    • 2025 percentage rent of $17,500 above base rent; total collected rent for 2025 was $78,500
    • About 1.8 years remaining through December 31, 2027, plus one final 5‑year renewal option through 2032

    Overview

    Fortis Net Lease is pleased to offer a Family Dollar store totaling 9,555 square feet, operating under an absolute NNN lease structure. Under the terms of the lease, the tenant is responsible for taxes, insurance, roof, structure, parking, and all maintenance and repairs, with zero landlord responsibilities. The store has been continuously occupied and operating at this location for more than 30 years, originally opening in 1994 and exercising renewal options available under the lease.

    The property is situated on a signalized corner in Burton, Michigan. The tenant’s long operating history at this site, combined with a dense surrounding residential trade area of nearly 50,000 residents within 3 miles, supports the store’s established presence in the market.

    This offering is structured for investors seeking a passive NNN asset with a long-tenured operator. The current rent is stated at $6.38 per square foot, and the lease includes a percentage rent clause, with $17,500 in additional percentage rent collected in 2025 above base rent, bringing total collected rent to $78,500 for the year. Approximately 1.8 years remain on the current option period through December 31, 2027, followed by one final 5-year renewal option available through 2032.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.691226
    Latitude
    43.018838

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    FAQs

    What type of property is this?
    NNN property - Absolute NNN Family Dollar on signalized corner with long-tenured operator and percentage rent provision.
    Where is this nnn property located?
    The property is located at G4386 S SAGINAW ST Burton, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 9,555 SF Family Dollar on a signalized corner in Burton, Michigan; Absolute NNN lease with tenant responsible for taxes, insurance, roof, structure, parking, and all maintenance/repairs; Tenant operating since 1994 with over 30 years of continuous occupancy and renewals exercised
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patrick Hammond
    Real Estate License ID: MI 6501373051
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    G4386 S SAGINAW ST, BURTON, MI 48529
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