7637 Woodbridge Rd Brohman, MI 49312
- Lifestyle centers
- 9,413 SF
- 2.00 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 7637 Woodbridge Rd
- Year built
- 2018
- Lot size
- 2.00 lot acres
- Property size
- 9,413 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,413 square foot Dollar General store in Brohman, Michigan. The property boasts a 16.1-year absolute NNN lease, expiring October 31, 2033, with nine years remaining. The lease includes five, five-year renewal options, each with a 10% rent increase. The tenant, Dollar General Corporation, provides a corporate guarantee and holds an investment-grade credit rating. Built in 2018, this single-story building sits on a two-acre lot at 7637 N Woodbridge Rd, 49312, enjoying high visibility at a major intersection with 5,154 vehicles per day. The property's strong performance is reflected in its 8.10% cap rate and $86,392 net operating income (NOI). The asking price is $1,066,568 ($113.31/sq ft). The location benefits from a 10-mile population of 7,888 and a 10-mile average household income of $54,868. This is an ideal opportunity for a 1031 exchange or passive investor seeking a secure, high-performing retail investment with minimal landlord responsibilities. The property is 100% occupied.
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
- Brohman
- County
- Newaygo
- State
- Michigan
- Longitude
- -85.8159
- Latitude
- 43.6917
