18519 Harbor Country Dr - Storefront FOR SALE


New Buffalo, MI 49117
$1,280,000 USD
440-915-7902
18519 Harbor Country Dr, New Buffalo, MI for Sale
$1,280,000 USD
Storefront - FOR SALE
1/9
null | 8% Cap Rate

18519 Harbor Country Dr
New Buffalo, MI 49117


HIGHLIGHTS

  • Dollar General (S&B BBB) Anchored Retail Center Ideally Positioned Between Highway Exit and New Buffalo’s High Tourism Beach Town
  • 100% Occupied NNN Center with Below Market Rental Rates and Annual Rental Increases from Al Fuego
  • Early Lease Extension from Dollar General and Recent 10-Year Lease from Al Fuego (2031 & 2033), Creating Long-Term Stability
  • High Tourist Area (70 miles /1 hour Chicago) w/ Growing Residential Year-Round Community: Average Household Incomes of $126,175 Within a 5-Mile Radius
  • Low Price Point at $93/SF with Attractive 8.00% CAP Rate Offering Ease of Management with Only 2 Units
  • Well-Maintained w/ Aesthetically Pleasing Curb Appeal: Highly Visible Signage, Metal Roof, 2025 Seal Coat/Stripe of Parking Lot & Building Repainted

OVERVIEW

• Dollar General (S&P BBB) Anchored Retail Center Ideally Positioned Between Highway Exit and New Buffalo’s High Tourism Beach Town • 100% Occupied NNN Center with Below Market Rental Rates and Annual Rental Increases from Al Fuego • Early Lease Extension from Dollar General and Recent 10-Year Lease from Al Fuego (2031 & 2033), Creating Long-Term Stability • Large Tourist Area with Solid and Growing Residential Year-Round Community: Average Household Incomes of $126,175 Within a 5-Mile Radius • Low Price Point at $93/SF with Attractive 8.00% CAP Rate Offering Ease of Management with Only 2 Units • Anchor, Dollar General (Fortune 500 Company-NYSE: DG, Moody’s “Baa3”, S&P “BBB”) with Revenue of $40.612B, a 4.96% Increase Over the Previous Year (2024) • Main Roadway (Harbor Country Road) with Own Exit Off I-94: Positioned Between Exit and Beach Making the Location Extremely Successful for Last Minute Beach Items, Snacks and Grabbing a Meal • Strong Employment Base & Tourist Draw: Four Winds Casino Resort New Buffalo (2.5 Miles) with Over 2,000 Employees and Casino Includes Over 3,000 Slot Machines, 100 Gaming Tables, Hotel, Bars/Restaurants and Shopping • Well-Maintained with Aesthetically Pleasing Curb Appeal, Along with Highly Visible Signage, Metal Roof, Recent Seal Coat/Stripe (July 2025) of Parking Lot and Re-Paint of Building • Coastal Living’s only Great Lakes Community Named Among “Twelve Best Places to Live on the Coast” in 2023 and Also Listed by Travel + Leisure as one of “Fifty Best Places to Travel” • Advantageously Located Only 70 Miles (Just Over an Hour) from Downtown Chicago Giving Many City Dwellers the Perfect Place to Relax and Unwind

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8% CAP Low Price 2 Tenant Dollar General NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

B-3

APN/PARCEL ID

11-13-0015-0001-04-1

ASK ABOUT THIS PROPERTY

Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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