7600 Brockway Rd, Brockway, MI 48097-3408
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B · Brockway, MIBrockway. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.