Dollar General NNN Property For Sale — Erie, MI
10608 S Dixie Hwy, Erie, MI 48133
This Dollar General is strategically positioned at the corner of S Dixie Hwy and Luna Pier Rd in Erie, MI, offering excellent visibility. The location benefits from a strong demographic profile, with a five-mile population exceeding 15,500 and an average household income over $79,860, making it an ideal site for this top-tier dollar store. This investment opportunity is perfect for a 1031 exchange buyer or a passive investor seeking fee simple ownership of a new Dollar General, offering continued success due to the tenant's financial strength and proven profitability.
- Address: 10608 S Dixie Hwy, Erie, MI 48133
- Asking price $1.31M
- 6.85% cap rate
- NOI $89,998
- 7.3 years remaining
- NNN lease
- Year built: 2018
- Building size: 9,100 SF
- Lot size: 1.36 acres
- Lease expiration: Dec 31, 2033
- Rent increases: Option 1: $98,988; Option 2: $108,888; Option 3: $119,784; Option 4: $131,760; …
- Guarantor: Corporate
Location
This Dollar General property is at 10608 S Dixie Hwy in Erie, Michigan.
Asset type: Retail