690 State St Harbor Beach, MI 48441-1231

This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 690 State St, Harbor Beach, MI 48441. Built in 2016, this property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $89,088. The absolute NNN lease with a credit-rated tenant, Dollar General, provides minimal management responsibilities and ensures long-term passive income. The lease, with approximately seven years remaining on the initial 15-year term, includes five, 5-year options with a 10% rent increase every five years. The property benefits from a lack of nearby competition, with the nearest similar store over 18 miles away. This strategically located retail asset offers a secure investment with a proven tenant in a thriving market. The property is a single-tenant building, offering simplicity and ease of management. The investment-grade credit rating of the tenant provides additional security and peace of mind. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property's strong financial performance, coupled with the tenant's robust credit rating and long-term lease, makes this an attractive investment for discerning buyers.