Family Dollar Absolute NNN
For Sale
Contact for pricing
G4386 S SAGINAW ST, Burton, MI 48529
Absolute NNN Family Dollar on signalized corner with long-tenured operator and percentage rent provision.
Property Size9,637 SF
Price / SF$98.58
Days on Market142
Property Features for G4386 S SAGINAW ST
General Information
Standard status
Active
Size
9,637 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$78,000
Building Details
Year Built
1994
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Patrick Hammond · License #MI 6501373051
Source:
Crexi
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 20 at 7:35PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,449
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,980
$1.7M
Cap Rate 7%
$1,220,700
$1.2M
Cap Rate 9%
$949,433
$949.4K
Market Conditions
NOI Build-Up for 9,637 SF
Gross rent
$138.8K $14.40/SF
− Vacancy
−$24.8K −$2.58/SF
EGI
$113.9K $11.82/SF
− OpEx
−$28.5K −$2.96/SF
NOI
$85.4K $8.87/SF
Area
Genesee County, MI
Vacancy
17.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,980
Cap Rate 7%
$1,220,700
Cap Rate 9%
$949,433
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,041 @ 7.0% cap · market cap 10.53%
Second Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,449 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,952 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 48529, MI
9,560
Population
4,430
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
1,992
Density / Sq Mi
$38,021
Median Household Income
$24,189
Median Earnings
$1,003
Median Rent
$74,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
