8476 Holton Rd Holton, MI 49425-8569

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Holton, Michigan. The property boasts a 15.1-year absolute NNN lease, commencing January 10, 2024, and expiring January 31, 2039, with a remaining term of 14.2 years. The lease includes built-in rent bumps of 5% every five years, ensuring consistent income growth. The tenant, Dollar General Corporation, holds an investment-grade credit rating ("BBB"), providing significant financial security. The single-story building, constructed in 2024, sits on a 2.31-acre lot with 36 parking spaces and is situated on Holton Road, a high-traffic area with 13,571 cars per day. The property's strategic location serves a community lacking other dollar stores, benefiting from a 10-mile population of 30,778 and a 3-mile average household income of $72,613. The asking price of $1,447,644 reflects a 6.75% cap rate based on a net operating income (NOI) of $97,716. Five five-year lease options are included, each with a 5% rent increase. This is a turnkey investment ideal for 1031 exchange buyers or passive investors seeking a secure, high-return asset backed by a financially strong, national tenant. The property is zoned commercial and offers a 100% occupancy rate.