15000 Manitou Rd - Retail FOR SALE


Manitou Beach, MI 49253
$1,965,015 USD
734-755-6359
15000 Manitou Rd, Manitou Beach, MI for Sale
$1,965,015 USD
Retail - FOR SALE
1/4
null | 6.7% 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 is currently wrapping up construction with opening & rent start on track for 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 6.70% cap rate based on NOI of $131,656.

FOR SALE DETAILS

PRICE

$1,965,015 USD

PRICE/SF

$216 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

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

Commercial

APN/PARCEL ID

RL0-110-1717-00

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 Policy.