9495 Greenville Rd Lakeview, MI 48850

This exceptional investment opportunity presents a fee-simple ownership of a 10,640-square-foot Dollar General store in Lakeview, Michigan. Built in 2022, this single-story building sits on a 1.65-acre lot in a high-traffic location at the signalized intersection of N Greenville Rd and State Route 46, experiencing 10,718 cars daily. The property boasts a 15.1-year absolute NNN lease (12.4 years remaining), commencing April 15, 2022, and expiring April 30, 2037. The lease includes five 5-year renewal options with a 5% rent increase every five years. The tenant, Dollar General Corporation, holds an investment-grade credit rating of "BBB," providing significant financial security. The current annual net operating income (NOI) is $101,792, yielding a 6.75% cap rate at the asking price of $1,508,035 ($141.73 per square foot). The property's strategic location near local schools, a McDonald's, gas station, church, and bank, combined with a strong three-mile average household income of $64,986 and a ten-mile population of 17,883, ensures consistent profitability. This is an ideal opportunity for a 1031 exchange buyer or passive investor seeking a low-maintenance, high-return investment with a nationally recognized, creditworthy tenant. The property is zoned commercial and offers zero landlord responsibilities.