11802 Chippewa Hwy - Freestanding FOR SALE


Bear Lake, MI 49614
$606,487 USD
248-762-4318
11802 Chippewa Hwy, Bear Lake, MI for Sale
$606,487 USD
Freestanding - FOR SALE
1/3
null | 9% Cap Rate

11802 Chippewa Hwy
Bear Lake, MI 49614


HIGHLIGHTS

  • Freestanding 8,125 SF building on a 1-acre lot with 34 surface parking spaces
  • NNN Corporate Lease with 4–5 years remaining and minimal landlord responsibilities
  • Located on US-31 in Manistee County (5,588+ VPD)
  • Underserved rural trade area with no local competition and strong traffic.
  • Part of a 7-building Dollar General Portfolio
  • Strategic Rural Michigan Location with Zero Vacancy

OVERVIEW

This offering features a 100% occupied, single-tenant Dollar General store located in Bear Lake, Michigan, as part of a 7-property portfolio of NNN leased assets. The 8,125 SF freestanding retail building sits on a 1-acre parcel along US-31 (Chippewa Highway)—a key corridor through Northwest Michigan with over 5,000 vehicles per day. The property is backed by a corporate-guaranteed lease with approximately 4–5 years of term remaining, offering investors stable cash flow with minimal landlord responsibilities. The annual NOI reflects a strong return profile in a recession-resistant, essential retail category. Strategically positioned in a growing rural trade area with 0.0% vacancy, the site benefits from limited local competition and consistent traffic from surrounding communities. With a robust parking ratio and well-maintained construction, this Dollar General meets both national tenant standards and long-term investment criteria.

FOR SALE DETAILS

PRICE

$606,487 USD

PRICE/SF

$75 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Bear Lake

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C1

APN/PARCEL ID

02-008-200-07

ASK ABOUT THIS PROPERTY

Alexa VeneziaStonepoint CREMore Info
248-762-4318

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Alexa VeneziaStonepoint CREMore Info
248-762-4318

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