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    Property profile & analytics
    OFF-MARKET Estimated value $580,000
    Outlet malls

    7600 Brockway Rd, Brockway, MI 48097-3408

    9,014 SF 1.08 ac lot
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US43-4541452
    Property summary
    AI-generated overview

    This exceptional investment opportunity features a 9,014-square-foot Dollar General store situated on a 1.08-acre lot in Yale, Michigan. The property boasts a strong 7.35% cap rate and a substantial net operating income (NOI) of $66,792. The single-tenant, net lease (NN) structure minimizes landlord responsibilities, with a corporate guarantee providing significant security. The lease, commencing June 12, 2013, and expiring November 30, 2029, has approximately 5 years remaining, with four (5) year renewal options, each including a 10% rent increase. The property includes 49 parking spaces and is zoned for commercial use. The asking price is $908,734, translating to $100.81 per square foot. This location benefits from high traffic volume, exceeding 10,000 vehicles daily, and is situated in a desirable area with an average annual household income exceeding $72,000 within a 5-mile radius. According to Placer.ai, this store ranks in the top 95% statewide and top 92% nationwide for store visits. This is a turnkey investment with a proven track record and significant upside potential. The property consists of a single, one-story building with 100% occupancy.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Total area 9,014 SF
    Lot 1.08 ac (47,088 SF)
    Zoning code B
    APN 74-10-014-4010-001
    UPID US43-4541452
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $580k
    Owner & transaction history
    Sami Niqula · 4 yrs held
    Sami Niqula
    since 2022
    Last sale
    $686,000
    2 recorded transactions
    2022
    2005
    $686,000
    Zoning & alternative use
    B · Brockway, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $820,000 +28.1%
    Office building $730,000 +14.7%
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