15000 Manitou Rd - Convenience Store FOR SALE


Manitou Beach, MI 49253
$1,936,118 USD
734-755-6359
15000 Manitou Rd, Manitou Beach, MI for Sale
$1,936,118 USD
Convenience Store - FOR SALE
1/4
null | 6.8% Cap Rate

15000 Manitou Rd
Manitou Beach, MI 49253


HIGHLIGHTS

  • Brand New 15 Year Absolute NNN Lease
  • 2025 BTS Construction | Corner Location
  • 5% Rental Rate Increases Every 5 Years!
  • 3 Mile Household Income $95,717
  • The Only Dollar Store Serving This Community!
  • 10 Mile Population 34,332

OVERVIEW

Fortis Net Lease is pleased to present this 2025 BTS 9,100 SF. Dollar General store located in Manitou Beach, 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 has completed construction and successfully opened for business in August 2025. This Dollar General is highly visible as it is strategically positioned on the corner of Main Street & Manitou Road. This is the only dollar store serving the community! The 10 mile population from the site is 34,332 and the 3 mile average household income is $95,717 per year, making this location ideal for a Dollar General. 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 6.80% cap rate based on NOI of $131,656.

FOR SALE DETAILS

PRICE

$1,936,118 USD

PRICE/SF

$213 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

4.45 AC

LAND SF

193,842 SF

ZONING

C-1

APN/PARCEL ID

RL0-110-1725-00

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 Notice.