10600 Rd Burt, MI 48417
- Retail properties
- 9,026 SF
- 1.28 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Corporate Campus / Wholesaler
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 10600 Rd
- Lot size
- 1.28 lot acres
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burt
- County
- Saginaw
- State
- Michigan
- Longitude
- -83.9528
- Latitude
- 43.2691
