224 W State St - Freestanding FOR SALE


Belding, MI 48809
$2,340,741 USD
734-755-6359
224 W State St, Belding, MI for Sale
$2,340,741 USD
Freestanding - FOR SALE
1/4
null | 6.75% Cap Rate

224 W State St
Belding, MI 48809


HIGHLIGHTS

  • RELOCATION STORE | Proven Success in this Market!!
  • Dollar General Market | Produce and Fresh Meats
  • 5% RENT INCREASES EVERY 5 YEARS!!
  • On Main Thoroughfare Seeing 9,055 Cars Per Day
  • Zero Landlord Responsibilities | NOW OPEN
  • Corporate Guaranty | 20,500 Stores in the US

OVERVIEW

Fortis Net Lease is pleased to present this brand new 12,480 SF RELOCATION Dollar General Market store located in Belding, Michigan. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent 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 completed construction and successfully opened for business in July 2025. This Dollar General Market is highly visible as it is strategically positioned off of W State Street seeing 9,055 cars per day. It sits surrounded by residential homes on the main thoroughfare through town. The 10 mile population from the site is 43,916 and the 3 mile average household income is $62,118 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 small box discount retailer. List price reflects a 6.75% cap rate based on NOI of $158,

FOR SALE DETAILS

PRICE

$2,340,741 USD

PRICE/SF

$188 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market in Belding, MI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

Commercial

APN/PARCEL ID

402-100-000-135-00

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.