10464 Old US 27 S Hwy - Retail FOR SALE


Gaylord, MI 49735
$2,303,507 USD
734-755-6359
10464 Old US 27 S Hwy, Gaylord, MI for Sale
$2,303,507 USD
Retail - FOR SALE
1/3
null | 6.7% Cap Rate

10464 Old US 27 S Hwy
Gaylord, MI 49735


HIGHLIGHTS

  • 2025 BTS Plus Size Construction
  • 5% Rental Rate Increases Every 5 Years!
  • High Growth Area | 3 Mile Population Growth Rate 9.16%
  • Limited Competition Area | Next Dollar Store 7+ Miles Away
  • Brand New 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
  • 3 Mile Household Income $72,196

OVERVIEW

Fortis Net Lease is pleased to present this 2025 BTS 10,640 SF. Dollar General Plus store located in Gaylord, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction with opening & rent start on track for August 2025. This Dollar General is highly visible as it is strategically positioned off of Old US Highway 27 S in a limited competition area with the next dollar store over 7 miles away. The 10 mile population from the site is 14,950 and the 3 mile average household income is $72,196 per year, making this location ideal for a Dollar General. This is a high growth area with the 3 mile population growth rate at 9.16%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.70% cap rate based on NOI of $154,335.

FOR SALE DETAILS

PRICE

$2,303,507 USD

PRICE/SF

$216 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General in Gaylord MI

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

Commercial

APN/PARCEL ID

091-460-000-135-01

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.