Family Dollar Absolute NNN
G4386 S SAGINAW ST Burton, MI 48529
G4386 S SAGINAW ST, Burton, MI, 48529
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For Sale
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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 Market51
Property Features for G4386 S SAGINAW ST
General Information
- Standard status
- Active
- Size
- 9,637 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing agency
Fortis Net Lease
Listed by
Patrick Hammond · License #MI 6501373051
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 1:16PM
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.
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.8k | $14.40 |
| − Vacancy | −$24.8k | −$2.58 |
| EGI | $113.9k | $11.82 |
| − OpEx | −$28.5k | −$2.96 |
| NOI | $85.4k | $8.87 |
9,637 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
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
