Dollar General NNN Property For Sale — Vanderbilt, MI
8336 Mill Street, Vanderbilt, MI 49795
This newly constructed Dollar General store features a 15-year absolute NNN lease, offering investors zero landlord responsibilities. The lease includes 5% rental increases every five years, with options to renew. The lease is backed by a corporate guarantee from Dollar General Corporation, an investment-grade tenant with a "BBB" credit rating. The store is strategically located off the I-75 exit, with excellent visibility and accessibility from both Mill Street and Yuill Road. This offering provides a passive investment opportunity with a strong credit tenant in a growing market.
- Address: 8336 Mill Street, Vanderbilt, MI 49795
- Asking price $1.99M
- 6.60% cap rate
- NOI $131,525
- 15 years remaining
- NNN lease
- Year built: 2026
- Building size: 9,100 SF
- Lot size: 1.11 acres
- Lease expiration: Apr 30, 2041
- Rent increases: Every 5 years
- Guarantor: Corporate
Location
This Dollar General property is at 8336 Mill Street in Vanderbilt, Michigan.
Asset type: Retail